Mesabi Trust (MSB)
| Market Cap | 329.97M |
| Revenue (ttm) | 23.86M |
| Net Income (ttm) | 17.66M |
| Shares Out | 13.12M |
| EPS (ttm) | 1.35 |
| PE Ratio | 18.69 |
| Forward PE | n/a |
| Dividend | $1.56 (6.20%) |
| Ex-Dividend Date | Oct 30, 2024 |
| Volume | 11,120 |
| Open | 25.13 |
| Previous Close | 25.35 |
| Day's Range | 25.07 - 25.40 |
| 52-Week Range | 15.93 - 26.27 |
| Beta | 0.84 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About MSB
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. [Read more]
Financial Performance
In 2023, Mesabi Trust's revenue was $22.86 million, an increase of 195.30% compared to the previous year's $7.74 million. Earnings were $18.98 million, an increase of 257.56%.
Financial StatementsNews
Mesabi Trust Press Release
NEW YORK--(BUSINESS WIRE)--Announcement of Mesabi Trust Distribution The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of thirty-nine cents ($0.39) per Unit of Beneficial Interest payabl...
MESABI TRUST Announces Arbitration Final Award
NEW YORK--(BUSINESS WIRE)--AAA Arbitration Final Award As previously reported, on October 14, 2022, Mesabi Trust initiated arbitration against Northshore Mining Company (“Northshore”), the lessee/oper...
If Fed Doesn't Get Serious About Inflation, Buy Mesabi Trust (Rating Upgrade)
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 Trust: Full Production Is Back Despite Cleveland-Cliffs' Ambitions
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...
Mesabi Trust: Unlikely Cleveland-Cliffs Shuts Northshore Down In The Near Term
Mesabi Trust's near-term value depends on the actions of Cleveland-Cliffs Inc., which operates the Northshore iron ore mine. Cleveland-Cliffs idled the Northshore mine in 2022 and restarted it in Q2 2...
Mesabi Trust Looks Attractive With Estimated Forward Yield Of 8.2% To 11.4%
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 distributio...
Mesabi Trust: Patient Investor's Opportunity Amid Cleveland-Cliffs' Uncertainty
Mesabi Trust: Patient Investor's Opportunity Amid Cleveland-Cliffs' Uncertainty.
Mesabi Trust: Short-Term This Doesn't Look Great, Long-Term I Like
Mesabi Trust is a yield vehicle that has recently paused its yield. The operator of the Northshore facility has shut it down temporarily.
Mesabi Trust Is Not So Easily Ousted
They earn royalties on iron ore mined from one of Cleveland-Cliffs' main mines. Cleveland-Cliffs is trying to put a strain on Mesabi by idling mining as much as possible at the main Minnesota mine whe...
Mesabi Trust And Its Real Value
Mesabi Trust is benefiting from increases in revenue as iron ore prices rise and the volume of products mined from its property climbs. But those gains may be short-lived as the company that provides ...
Top 5 1st-Quarter Buys of Murray Stahl's Horizon Kinetics
Murray Stahl (Trades, Portfolio), co-founder of Horizon Kinetics, disclosed this week that his firm's top five buys during the first quarter were in West Fraser Timber Co. Ltd. ( WFG , Financial), Bri...
Mesabi Trust Remains Attractive To Yield-Centric Investors
Mesabi Trust is likely to enjoy a strong 2021 on iron ore pricing offering a favorable setup for yield centric-investors. On a macro view, should investors look beyond fixed income for yield, MSB is a...
Murray Stahl Digs Deeper Into Mesabi Trust
Horizon Kinetics leader Murray Stahl (Trades, Portfolio) disclosed earlier this week he expanded the firm's stake in Mesabi Trust (NYSE:MSB) by 18.04%.
Stay Away From Mesabi Trust Due To Poor Short-Term Dividend Outlook
Stay Away From Mesabi Trust Due To Poor Short-Term Dividend Outlook
Mesabi Trust: A 12% Dividend With A Positive Outlook On Iron Ore
Mesabi Trust: A 12% Dividend With A Positive Outlook On Iron Ore
Mine These Hidden Gems For Dividends Up To 11.9%
I love “secret dividends.” They’re one of the few safe ways to collect yields up to 11.9% in a 1.9% world!