Mesabi Trust (NYSE:MSB) Downgraded by StockNews.com to Buy

Posted by Defense World Staff on Apr 29th, 2025

StockNews.com downgraded shares of Mesabi Trust (NYSE:MSB – Free Report) from a strong-buy rating to a buy rating in a research report released on Monday.

Mesabi Trust Stock Performance

Shares of NYSE MSB opened at $28.34 on Monday. Mesabi Trust has a 52-week low of $15.93 and a 52-week high of $37.00. The firm has a 50 day moving average price of $26.92 and a two-hundred day moving average price of $26.87. The stock has a market cap of $371.82 million, a P/E ratio of 4.04 and a beta of 0.66.

Mesabi Trust (NYSE:MSB – Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The mining company reported $0.46 earnings per share for the quarter. Mesabi Trust had a net margin of 93.80% and a return on equity of 231.09%. The company had revenue of $6.85 million during the quarter.

Mesabi Trust Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, May 20th. Investors of record on Thursday, May 1st will be paid a dividend of $0.56 per share. This represents a yield of 8.05%. The ex-dividend date is Wednesday, April 30th. Mesabi Trust’s dividend payout ratio (DPR) is currently 31.50%.

Institutional Trading of Mesabi Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSB. Golden State Wealth Management LLC grew its holdings in shares of Mesabi Trust by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the mining company’s stock valued at $27,000 after acquiring an additional 500 shares in the last quarter. Atlas Wealth Partners LLC bought a new position in shares of Mesabi Trust in the fourth quarter valued at approximately $202,000. Ameriprise Financial Inc. bought a new position in shares of Mesabi Trust in the fourth quarter valued at approximately $205,000. Heron Bay Capital Management bought a new position in shares of Mesabi Trust in the fourth quarter valued at approximately $204,000. Finally, Bank of Montreal Can bought a new position in shares of Mesabi Trust in the fourth quarter valued at approximately $208,000.

About Mesabi Trust

(Get Free Report)

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.