Mesabi Trust (NYSE:MSB) Receives "Buy (B-)" Rating from Weiss Ratings

Key Points

• Mesabi Trust received a "Buy (B-)" rating from Weiss Ratings, while Wall Street Zen downgraded it from "buy" to "hold."
• The stock traded up 1.1%, reaching $31.40, with a market cap of $411.90 million and a PE ratio of 4.44.
• In the latest quarter, Mesabi Trust reported $5.61 million in revenue and $0.36 earnings per share with a remarkable net margin of 96.44%.

Mesabi Trust (NYSE:MSB - Get Free Report)'s stock had its "buy (b-)" rating reiterated by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded Mesabi Trust from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Mesabi Trust Stock Up 1.1%

NYSE:MSB traded up $0.36 during mid-day trading on Wednesday, reaching $31.40. 6,649 shares of the company were exchanged, compared to its average volume of 54,434. Mesabi Trust has a 12 month low of $22.24 and a 12 month high of $37.00. The company has a fifty day moving average of $30.84 and a 200 day moving average of $27.76. The stock has a market cap of $411.90 million, a PE ratio of 4.44 and a beta of 0.55.

Mesabi Trust (NYSE:MSB - Get Free Report) last posted its quarterly earnings data on Monday, September 15th. The mining company reported $0.36 earnings per share (EPS) for the quarter. Mesabi Trust had a net margin of 96.44% and a return on equity of 230.41%. The company had revenue of $5.61 million for the quarter.

Institutional Investors Weigh In On Mesabi Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC boosted its position in Mesabi Trust by 351.2% in the 2nd quarter. Advisory Services Network LLC now owns 181,347 shares of the mining company's stock valued at $4,345,000 after buying an additional 141,159 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its stake in shares of Mesabi Trust by 2.0% during the second quarter. Horizon Kinetics Asset Management LLC now owns 2,960,590 shares of the mining company's stock worth $70,936,000 after buying an additional 58,895 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in shares of Mesabi Trust in the second quarter valued at approximately $818,000. EagleClaw Capital Managment LLC lifted its stake in Mesabi Trust by 13.4% in the first quarter. EagleClaw Capital Managment LLC now owns 165,225 shares of the mining company's stock valued at $4,494,000 after acquiring an additional 19,500 shares during the last quarter. Finally, State of Wyoming bought a new position in Mesabi Trust during the second quarter worth about $407,000.

Mesabi Trust Company Profile

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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