Mesabi Trust (MSB) Earning Somewhat Favorable News Coverage, Accern Reports
News articles about Mesabi Trust (NYSE:MSB) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Mesabi Trust earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the mining company an impact score of 46.8370897781581 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Mesabi Trust (NYSE:MSB) opened at 15.40 on Friday. Mesabi Trust has a 12 month low of $8.05 and a 12 month high of $17.42. The company has a market cap of $202.05 million, a P/E ratio of 15.07 and a beta of 0.35. The stock’s 50 day moving average price is $14.35 and its 200-day moving average price is $14.52.
The business also recently declared a quarterly dividend, which was paid on Sunday, August 20th. Stockholders of record on Sunday, July 30th were given a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, July 26th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.16%. Mesabi Trust’s dividend payout ratio (DPR) is presently 62.75%.
Separately, TheStreet upgraded Mesabi Trust from a “c” rating to a “b” rating in a research report on Monday, May 15th.
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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