Mesabi Trust (MSB) Stock Price, News & Analysis

Company Overview

Mesabi Trust (NYSE: MSB) is a passive royalty trust that holds royalty interests in iron ore properties located on Minnesota’s Mesabi Iron Range. The trust does not engage in mining operations directly but receives royalty payments based on the volume of iron ore shipped from the underlying properties. These payments are derived from production of iron ore concentrate and taconite pellets sold to domestic and international steel producers.

Established in December 2011, Mesabi Trust was formed through the consolidation of royalty interests contributed by several mining companies. The trust’s portfolio comprises 11 separate iron ore royalty properties that were previously owned or controlled by major mining concerns. Royalty rates are calculated per long ton of iron ore concentrate shipped, and revenues fluctuate in line with production levels at the mines subject to the trust’s royalty interests.

The properties underlying Mesabi Trust are operated by established mining companies under long-term leases and agreements, ensuring continuity of production on the Mesabi Range. The iron ore extracted from this region serves customers throughout North America and abroad, feeding blast furnaces and electric arc furnaces in the steelmaking industry. By owning royalty interests rather than operating mines, the trust offers investors exposure to iron ore production without direct operational risk.

Administrative and trustee services for Mesabi Trust are provided by U.S. Bank National Association, which acts as trustee under the trust agreement. As a Delaware statutory trust, Mesabi Trust distributes royalty revenues to unitholders, typically on a quarterly basis, subject to available cash and trust expenses. This structure allows investors to participate in the ongoing production from a historically significant iron ore district through a publicly traded vehicle.

Key Stats

• Today's Range: $27.97 to $28.63
• 50-Day Range: $26.55 to $32.75
• 52-Week Range: $22.55 to $42.38
• Volume: 27,166 shs
• Average Volume: 59,423 shs
• Market Capitalization: $371.39 million
• P/E Ratio: 26.70
• Dividend Yield: 3.39%
• Price Target: N/A
• Consensus Rating: Hold

Mesabi Trust Stock Analysis - MarketRank™

Mesabi Trust scored higher than 13% of companies evaluated by MarketBeat, and ranked 174th out of 180 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: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Mesabi Trust has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no strong buy ratings, no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Mesabi Trust has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Mesabi Trust is 26.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.31.

Price to Earnings Ratio vs. Sector

The P/E ratio of Mesabi Trust is 26.70, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 22.90.

Price to Book Value per Share Ratio

Mesabi Trust has a P/B Ratio of 18.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.10% 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 2.83, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Mesabi Trust has recently increased by 14.49%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Mesabi Trust pays a meaningful dividend of 3.36%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

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

Dividend Coverage

The dividend payout ratio of Mesabi Trust is 90.57%. Payout ratios above 75% are not desirable because they may not be sustainable.

News and Social Media

• Score: N/A
• News Sentiment: N/A

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

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

Percentage Held by Institutions

Mesabi Trust has minimal institutional ownership at this time.

Company Calendar

• Record date for 2/20 Dividend: 1/30/2026
• Ex-Dividend for 2/20 Dividend: 1/30/2026
• Dividend Payable: 2/20/2026
• Last Earnings: 4/22/2026
• Record date for 5/20 Dividend: 4/30/2026
• Ex-Dividend for 5/20 Dividend: 4/30/2026
• Today: 5/16/2026
• Dividend Payable: 5/20/2026
• Fiscal Year End: 1/31/2027

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): $1.06
• Trailing P/E Ratio: 26.70
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $13.87 million
• Net Margins: 79.14%
• Pretax Margin: 79.14%
• Return on Equity: 66.13%
• Return on Assets: 54.09%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 6.16
• Quick Ratio: 6.16

Sales & Book Value

• Annual Sales: $17.52 million
• Price / Sales: 21.20
• Cash Flow: $1.05 per share
• Price / Cash Flow: 27.05
• Book Value: $1.56 per share
• Price / Book: 18.15

Miscellaneous

• Outstanding Shares: 13,120,000
• Free Float: 13,086,000
• Market Cap: $371.39 million
• Optionable: Optionable
• Beta: 0.31