Mesabi Trust (NYSE:MSB - Get Free Report) declared a dividend on Friday, July 18th, investing.com reports. Investors of record on Thursday, July 31st will be paid a dividend of 0.12 per share by the mining company on Wednesday, August 20th. This represents a yield of 1.87%. The ex-dividend date is Wednesday, July 30th.
Mesabi Trust Stock Performance
NYSE:MSB traded up $0.44 during trading hours on Monday, reaching $26.42. The company's stock had a trading volume of 24,607 shares, compared to its average volume of 43,159. The stock has a 50 day moving average price of $25.09 and a two-hundred day moving average price of $26.45. Mesabi Trust has a 12 month low of $15.93 and a 12 month high of $37.00. The company has a market capitalization of $346.56 million, a P/E ratio of 3.65 and a beta of 0.54.
Mesabi Trust (NYSE:MSB - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The mining company reported $0.28 earnings per share for the quarter. The firm had revenue of $4.74 million for the quarter. Mesabi Trust had a net margin of 96.23% and a return on equity of 233.00%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Mesabi Trust from a "buy" rating to a "hold" rating in a report on Saturday, June 14th.
Read Our Latest Stock Analysis on Mesabi Trust
Institutional Trading of Mesabi Trust
An institutional investor recently raised its position in Mesabi Trust stock. Royal Bank of Canada increased its stake in shares of Mesabi Trust (NYSE:MSB - Free Report) by 14.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 26,662 shares of the mining company's stock after purchasing an additional 3,303 shares during the period. Royal Bank of Canada owned approximately 0.20% of Mesabi Trust worth $725,000 at the end of the most recent reporting period.
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.
Recommended Stories
Before you consider Mesabi Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mesabi Trust wasn't on the list.
While Mesabi Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
