Mesabi Trust (MSB) Earning Somewhat Positive News Coverage, Accern Reports
Press coverage about Mesabi Trust (NYSE:MSB) has been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. 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 0.15 on Accern’s scale. Accern also gave news coverage about the mining company an impact score of 46.6464430277568 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Separately, TheStreet cut Mesabi Trust from a “b-” rating to a “c+” rating in a research report on Monday, August 7th.
Mesabi Trust (NYSE MSB) remained flat at $$22.05 during trading on Monday. The company had a trading volume of 18,340 shares, compared to its average volume of 95,874. Mesabi Trust has a 52 week low of $8.05 and a 52 week high of $24.80. The company has a market capitalization of $289.30, a price-to-earnings ratio of 11.98 and a beta of 0.42.
Mesabi Trust (NYSE:MSB) last announced its earnings results on Thursday, September 7th. The mining company reported $1.00 EPS for the quarter. Mesabi Trust had a net margin of 95.87% and a return on equity of 232.11%. The firm had revenue of $13.36 million for the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 30th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 11.61%. The ex-dividend date is Friday, October 27th. This is a boost from Mesabi Trust’s previous quarterly dividend of $0.16. Mesabi Trust’s payout ratio is 139.13%.
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About Mesabi Trust
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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