Media headlines about Mesabi Trust (NYSE:MSB) have been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mesabi Trust earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media coverage about the mining company an impact score of 46.3244426704339 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Mesabi Trust (NYSE MSB) traded down 0.7288% during mid-day trading on Tuesday, reaching $22.7331. The company had a trading volume of 37,616 shares. The stock has a market capitalization of $298.26 million, a P/E ratio of 12.3751 and a beta of 0.40. The stock has a 50 day moving average price of $21.68 and a 200-day moving average price of $16.22. Mesabi Trust has a 12-month low of $8.05 and a 12-month high of $24.80.
Mesabi Trust (NYSE:MSB) last announced its earnings results on Thursday, September 7th. The mining company reported $1.00 earnings per share for the quarter. The business had revenue of $13.36 million for the quarter. Mesabi Trust had a return on equity of 232.11% and a net margin of 95.87%. Equities analysts anticipate that Mesabi Trust will post ($20.29) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 30th will be paid a $0.64 dividend. This is a positive change from Mesabi Trust’s previous quarterly dividend of $0.16. This represents a $2.56 dividend on an annualized basis and a yield of 11.18%. The ex-dividend date of this dividend is Friday, October 27th. Mesabi Trust’s dividend payout ratio is currently 139.13%.
Separately, TheStreet lowered Mesabi Trust from a “b-” rating to a “c+” rating in a research note on Monday, August 7th.
Mesabi Trust Company Profile
Mesabi Trust is a royalty trust. The purpose of the Trust is to conserve and protect the Trust Estate. The Trust operates in the iron ore mining segment. The Trust derives income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The lessee/operator of Mesabi Trust’s mineral interests is Northshore Mining Corporation (NMC), a subsidiary of Cliffs Natural Resources Inc (Cliffs).
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