MSB

Mesabi Trust
MSB

$17.70

0.56%

Market Cap: 232M

About: Mesabi Trust operates as a royalty trust in the United States. The company is involved in the conservation and protection of the assets held. The company's principally wholly-owned segment is the iron ore mining segment and it generates income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range.

Financials Mineral Royalty Traders

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

292% more call options, than puts

Call options by funds: $357K | Put options by funds: $91K

38% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 13

1.01% less ownership

Funds ownership: 41.4% [Q4 2023] → 40.39% (-1.01%) [Q1 2024]

4% less funds holding

Funds holding: 50 [Q4 2023] → 48 (-2) [Q1 2024]

16% less capital invested

Capital invested by funds: $111M [Q4 2023] → $93.8M (-$17.4M) [Q1 2024]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 3 (-1) [Q1 2024]

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

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Research analyst outlook

We haven’t received any recent analyst ratings for MSB.

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Financial journalist opinion

Mesabi Trust Press Release

NEW YORK--(BUSINESS WIRE)--Announcement of Mesabi Trust Distribution The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of thirty cents ($0.30) per Unit of Beneficial Interest payable on August 20, 2024 to Mesabi Trust Unitholders of record at the close of business on July 30, 2024. This compares to no distribution declared for the same period last year. The Trustees' announcement today of a thirty cents ($0.30) per Unit distribution, as compared to no distribution announced by the.

Mesabi Trust Press Release

If Fed Doesn't Get Serious About Inflation, Buy Mesabi Trust (Rating Upgrade)

Recent developments, such as the mid-2023 resumption of mining operations by Cleveland-Cliffs on trust leases and the Federal Reserve's reluctance to raise interest rates, suggest potential upside for Mesabi. Increasing odds for a turnaround in China's economy, alongside an approaching arbitration judgment over underpaid royalties, are additional reasons to consider investing in MSB stock. A low-volatility basing pattern over the last 12 months could support a price breakout and material gains for investors buying around $17.

If Fed Doesn't Get Serious About Inflation, Buy Mesabi Trust (Rating Upgrade)

Mesabi Trust Press Release

NEW YORK--(BUSINESS WIRE)--Mesabi Trust (NYSE: MSB): Receipt of Quarterly Royalty Report and Royalty Payment On April 30, 2024, the Trustees of Mesabi Trust (NYSE: MSB) received the quarterly royalty report of iron ore shipments from Silver Bay, Minnesota during the quarter ended March 31, 2024 (the “Royalty Report”) from Cleveland-Cliffs Inc. (“Cliffs”), the parent company of Northshore Mining Company (“Northshore”). As reported to Mesabi Trust by Cliffs in the Royalty Report, based on shipmen.

Mesabi Trust Press Release

Mesabi Trust Press Release

NEW YORK--(BUSINESS WIRE)--Announcement of Mesabi Trust Distribution The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of twenty-nine cents ($0.29) per Unit of Beneficial Interest payable on May 20, 2024 to Mesabi Trust Unitholders of record at the close of business on April 30, 2024. This compares to no distribution declared for the same period last year. The Trustees' announcement today of a twenty-nine cents ($0.29) per Unit distribution, as compared to no distribution announce.

Mesabi Trust Press Release

Mesabi Trust: Full Production Is Back Despite Cleveland-Cliffs' Ambitions

Mesabi Trust announces $0.37 quarterly dividend and Cleveland-Cliffs Inc. holds Q4 earnings call. Cleveland-Cliffs CEO threatens to use more scrap metal, but Mesabi Trust's production looks to be back to full capacity. Mesabi Trust offers a 7.2% forward yield with potential for higher dividends if iron ore prices increase.

Mesabi Trust: Full Production Is Back Despite Cleveland-Cliffs' Ambitions

Mesabi Trust Press Release

NEW YORK--(BUSINESS WIRE)--Announcement of Mesabi Trust Distribution The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of thirty-seven cents ($0.37) per Unit of Beneficial Interest payable on February 20, 2024 to Mesabi Trust Unitholders of record at the close of business on January 30, 2024. This compares to no distribution declared for the same period last year. The Trustees' announcement today of a thirty-seven cents ($0.37) per Unit distribution, as compared to no distribution.

Mesabi Trust Press Release

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