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 of this dividend is Wednesday, July 30th.
Mesabi Trust Stock Up 1.2%
Shares of NYSE:MSB traded up $0.30 during trading on Friday, hitting $26.03. The stock had a trading volume of 27,617 shares, compared to its average volume of 43,234. Mesabi Trust has a 12-month low of $15.93 and a 12-month high of $37.00. The stock has a market capitalization of $341.51 million, a price-to-earnings ratio of 3.66 and a beta of 0.54. The stock has a 50-day simple moving average of $25.09 and a two-hundred day simple moving average of $26.46.
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 (EPS) for the quarter. Mesabi Trust had a return on equity of 233.00% and a net margin of 96.23%. The firm had revenue of $4.74 million during the quarter.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered Mesabi Trust from a "buy" rating to a "hold" rating in a report on Saturday, June 14th.
Get Our Latest Report on Mesabi Trust
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Mesabi Trust stock. Royal Bank of Canada lifted its holdings in shares of Mesabi Trust (NYSE:MSB - Free Report) by 14.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,662 shares of the mining company's stock after buying an additional 3,303 shares during the period. Royal Bank of Canada owned about 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.
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