Mesabi Trust (MSB) Getting Somewhat Favorable Press Coverage, Accern Reports
News coverage about Mesabi Trust (NYSE:MSB) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mesabi Trust earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the mining company an impact score of 46.0389908286424 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, TheStreet raised Mesabi Trust from a “c” rating to a “b” rating in a research note on Monday, May 15th.
Shares of Mesabi Trust (MSB) traded up 1.05% during midday trading on Wednesday, hitting $14.50. The company had a trading volume of 56,411 shares. The firm’s 50-day moving average is $13.56 and its 200-day moving average is $14.39. The firm has a market capitalization of $190.24 million, a P/E ratio of 14.19 and a beta of 0.35. Mesabi Trust has a 12-month low of $8.05 and a 12-month high of $17.42.
The company also recently announced a quarterly dividend, which will be paid on Sunday, August 20th. Investors of record on Sunday, July 30th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Wednesday, July 26th. Mesabi Trust’s dividend payout ratio is presently 62.75%.
Mesabi Trust Company Profile
Mesabi Trust is a royalty trust. The purpose of the Trust is to conserve and protect the Trust Estate. The Trust operates in the iron ore mining segment. The Trust derives income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The lessee/operator of Mesabi Trust’s mineral interests is Northshore Mining Corporation (NMC), a subsidiary of Cliffs Natural Resources Inc (Cliffs).
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