Mesabi Trust logo

Mesabi TrustNYSE: MSB

Profile

Industry:

Steel & Iron

Country:

United States

IPO:

30 December 1987

Next earnings report:

13 December 2024

Last dividends:

30 October 2024

Next dividends:

N/A
$372.21 M
-19%vs. 3y high
34%vs. sector
-69%vs. 3y high
55%vs. sector
-47%vs. 3y high
99%vs. sector
-66%vs. 3y high
92%vs. sector

Price

pre-market | 15 min ago
$28.37+$2.66(+10.35%)
$6.25 M$5.40 M

Analysts recommendations

Institutional Ownership

MSB Latest News

If Fed Doesn't Get Serious About Inflation, Buy Mesabi Trust (Rating Upgrade)
seekingalpha.com28 May 2024 Sentiment: POSITIVE

Recent developments, such as the mid-2023 resumption of mining operations by Cleveland-Cliffs on trust leases and the Federal Reserve's reluctance to raise interest rates, suggest potential upside for Mesabi. Increasing odds for a turnaround in China's economy, alongside an approaching arbitration judgment over underpaid royalties, are additional reasons to consider investing in MSB stock. A low-volatility basing pattern over the last 12 months could support a price breakout and material gains for investors buying around $17.

Mesabi Trust: Full Production Is Back Despite Cleveland-Cliffs' Ambitions
Seeking Alpha04 February 2024 Sentiment: POSITIVE

Mesabi Trust announces $0.37 quarterly dividend and Cleveland-Cliffs Inc. holds Q4 earnings call. Cleveland-Cliffs CEO threatens to use more scrap metal, but Mesabi Trust's production looks to be back to full capacity. Mesabi Trust offers a 7.2% forward yield with potential for higher dividends if iron ore prices increase.

Mesabi Trust Looks Attractive With Estimated Forward Yield Of 8.2% To 11.4%
Seeking Alpha18 October 2023 Sentiment: POSITIVE

Mesabi Trust distributions were scrapped because Cleveland-Cliffs temporarily idled its mine. Iron ore demand could benefit from China's construction sector stimulus. Normalized annualized distributions per unit from Mesabi Trust could be as high as $2.8.

Mesabi Trust: Patient Investor's Opportunity Amid Cleveland-Cliffs' Uncertainty
Seeking Alpha27 April 2023 Sentiment: NEUTRAL

Mesabi Trust: Patient Investor's Opportunity Amid Cleveland-Cliffs' Uncertainty.

What type of business is Mesabi Trust?

Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. Mesabi Trust was founded in 1961 and is based in New York, New York.

What sector is Mesabi Trust in?

Mesabi Trust is in the Basic Materials sector

What industry is Mesabi Trust in?

Mesabi Trust is in the Steel & Iron industry

What country is Mesabi Trust from?

Mesabi Trust is headquartered in United States

When did Mesabi Trust go public?

Mesabi Trust initial public offering (IPO) was on 30 December 1987

What is Mesabi Trust website?

https://www.mesabi-trust.com

Is Mesabi Trust in the S&P 500?

No, Mesabi Trust is not included in the S&P 500 index

Is Mesabi Trust in the NASDAQ 100?

No, Mesabi Trust is not included in the NASDAQ 100 index

Is Mesabi Trust in the Dow Jones?

No, Mesabi Trust is not included in the Dow Jones index

When was Mesabi Trust the previous earnings report?

No data

When does Mesabi Trust earnings report?

The next expected earnings date for Mesabi Trust is 13 December 2024