Mesabi Trust (MSB) Stock Forecast, Price & News

Mesabi Trust's stock was trading at $18.02 at the beginning of 2023. Since then, MSB shares have increased by 1.7% and is now trading at $18.33.
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Mesabi Trust saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 107,800 shares, a decrease of 16.8% from the April 15th total of 129,600 shares. Based on an average trading volume of 47,700 shares, the short-interest ratio is presently 2.3 days. Currently, 0.8% of the shares of the stock are short sold.
View Mesabi Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, June 12th 2023.
View our MSB earnings forecast.

Mesabi Trust (NYSE:MSB) released its quarterly earnings results on Thursday, September, 7th. The mining company reported $1.00 EPS for the quarter. The mining company earned $13.36 million during the quarter.

Mesabi Trust declared a quarterly dividend on Friday, July 15th. Investors of record on Saturday, July 30th will be paid a dividend of $0.84 per share on Saturday, August 20th. This represents a $3.36 annualized dividend and a yield of 18.33%. The ex-dividend date of this dividend is Thursday, July 28th.
Read our dividend analysis for MSB.

Horizon Kinetics Inflation Beneficiaries ETF holds 591,510 shares of MSB stock, representing 1.26% of its portfolio.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mesabi Trust investors own include Energy Transfer (ET), Main Street Capital (MAIN), Prospect Capital (PSEC), AT&T (T), AbbVie (ABBV), Lumen Technologies (LUMN), Omega Healthcare Investors (OHI), PhenixFIN (MCC), Enterprise Products Partners (EPD) and Pfizer (PFE).

Mesabi Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "MSB."

Mesabi Trust's stock is owned by a variety of institutional and retail investors. Top institutional investors include Valueworks LLC (6.04%), Beddow Capital Management Inc. (0.00%), Mad River Investors (2.62%), Moors & Cabot Inc. (1.08%), Bank of America Corp DE (0.00%) and Raymond James & Associates (0.16%).
View institutional ownership trends.

Shares of MSB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MSB stock can currently be purchased for approximately $18.33.

Mesabi Trust (NYSE:MSB) has a market capitalization of $227.63 million and generates $7.74 million in revenue each year. The mining company earns $5.31 million in net income (profit) each year or $3.22 on an earnings per share basis.

Mesabi Trust's mailing address is 60 Wall Street 16 th Floor, NEW YORK NY, 10005. The official website for the company is www.mesabi-trust.com. The mining company can be reached via phone at (904) 271-2520 or via fax at 615-835-2700.