Mesabi Trust (MSB) Stock Price, News & Analysis

Company Overview

Mesabi Trust (NYSE:MSB) is an unincorporated, closed-end management investment trust that holds royalty interests in iron ore production on Minnesota’s Mesabi Iron Range. The trust’s sole business activity is to collect a fixed percentage of gross sale revenues from iron ore pellets produced by its lessees, primarily at eight mining complexes along the historic Mesabi Range. Mesabi Trust does not engage in mining or processing itself and maintains no direct mineral reserves, equipment, or personnel devoted to extraction.

The underlying iron ore properties are located in northeastern Minnesota, a region that has supplied the United States steel industry for more than a century. Royalty income is generated from taconite pellets produced under long-term leases with major operators, most notably Cleveland-Cliffs Inc. and its predecessors. These taconite pellets serve as the primary feedstock for blast furnaces and direct-reduction plants used by domestic steelmakers.

Established in 1986 through a reorganization of iron ore interests previously held by a major steel company, Mesabi Trust has provided investors with exposure to the iron ore market without direct involvement in mining operations. Over the decades, lease arrangements and sales agreements have been renegotiated to reflect changes in the domestic steel industry, while the trust itself has continued to distribute royalty income to its stockholders on a quarterly basis.

Corporate governance is overseen by an independent trustee, which administers the trust in accordance with its governing agreement. Mesabi Trust employs third-party service providers for transfer agency, accounting, and distribution functions. Its streamlined structure and focus on royalty income have positioned the trust as a unique investment vehicle for those seeking a pure play on U.S. iron ore production from the historic Mesabi Range.

Key Stats

• Today's Range: $24.80 to $25.10
• 50-Day Range: $22.56 to $27.92
• 52-Week Range: $15.93 to $37.00
• Volume: 34,707 shs
• Average Volume: 42,799 shs
• Market Capitalization: $326.96 million
• P/E Ratio: 3.50
• Dividend Yield: 8.99%
• Price Target: N/A
• Consensus Rating: N/A

Mesabi Trust Stock Analysis - MarketRank™

Mesabi Trust scored higher than 16% of companies evaluated by MarketBeat, and ranked 165th out of 189 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Mesabi Trust.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Mesabi Trust is 3.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.59.

Price to Earnings Ratio vs. Sector

The P/E ratio of Mesabi Trust is 3.50, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 109.64.

Price to Book Value per Share Ratio

Mesabi Trust has a P/B Ratio of 14.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.28% of the float of Mesabi Trust has been sold short.

Short Interest Ratio / Days to Cover

Mesabi Trust has a short interest ratio ("days to cover") of 10.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Mesabi Trust has recently increased by 0.51%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Mesabi Trust is a leading dividend payer. It pays a dividend yield of 9.03%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Mesabi Trust does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Mesabi Trust is 31.46%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.28% of the float of Mesabi Trust has been sold short.

Short Interest Ratio / Days to Cover

Mesabi Trust has a short interest ratio ("days to cover") of 10.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Mesabi Trust has recently increased by 0.51%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.63

News Sentiment

Mesabi Trust has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Mesabi Trust this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for MSB on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Mesabi Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Mesabi Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.26% of the stock of Mesabi Trust is held by insiders.

MSB Stock Analysis - Frequently Asked Questions

How have MSB shares performed this year?

Mesabi Trust's stock was trading at $28.11 on January 1st, 2025. Since then, MSB shares have decreased by 11.3% and is now trading at $24.9210.

How were Mesabi Trust's earnings last quarter?

Mesabi Trust (NYSE:MSB) released its quarterly earnings data on Thursday, June, 12th. The mining company reported $0.28 EPS for the quarter. The mining company earned $4.74 million during the quarter. Mesabi Trust had a trailing twelve-month return on equity of 233.00% and a net margin of 96.23%.

Who are Mesabi Trust's major shareholders?

Top institutional shareholders of Mesabi Trust include Mad River Investors (2.25%), Redhawk Wealth Advisors Inc. (0.26%) and Wealth Enhancement Advisory Services LLC (0.06%).
View institutional ownership trends.

How do I buy shares of Mesabi Trust?

Shares of MSB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Mesabi Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Mesabi Trust investors own include Energy Transfer (ET), Main Street Capital (MAIN), Prospect Capital (PSEC), AGNC Investment (AGNC), AT&T (T), Ares Capital (ARCC) and Omega Healthcare Investors (OHI).

Company Calendar

• Ex-Dividend for 5/20 Dividend: 4/30/2025
• Record date for 5/20 Dividend: 5/01/2025
• Dividend Payable: 5/20/2025
• Last Earnings: 6/12/2025
• Today: 7/15/2025
• Next Earnings (Estimated): 9/04/2025
• Fiscal Year End: 1/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: MINING - IRON
• Sub-Industry: Trading
• Current Symbol: NYSE:MSB
• CIK: 65172
• Web: www.mesabi-trust.com
• Phone: (904) 271-2520
• Fax: 615-835-2700
• Employees: N/A
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): $7.12
• Trailing P/E Ratio: 3.50
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $93.27 million
• Net Margins: 96.23%
• Pretax Margin: 96.23%
• Return on Equity: 233.00%
• Return on Assets: 145.93%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.51
• Quick Ratio: 3.51

Sales & Book Value

• Annual Sales: $98.60 million
• Price / Sales: 3.32
• Cash Flow: $7.14 per share
• Price / Cash Flow: 3.49
• Book Value: $1.78 per share
• Price / Book: 14.00

Miscellaneous

• Outstanding Shares: 13,120,000
• Free Float: 13,086,000
• Market Cap: $326.96 million
• Optionable: Optionable
• Beta: 0.54