StockNews.com Upgrades Mesabi Trust (NYSE:MSB) to “Strong-Buy”

Mesabi Trust (NYSE:MSB) was upgraded by analysts at StockNews.com from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday.

Mesabi Trust Stock Performance

NYSE:MSB opened at $28.68 on Monday. Mesabi Trust has a fifty-two week low of $15.93 and a fifty-two week high of $29.72. The firm has a market cap of $376.22 million, a PE ratio of 4.03 and a beta of 0.85. The business has a 50 day moving average price of $25.84 and a 200-day moving average price of $20.98.

Mesabi Trust (NYSE:MSB) last announced its quarterly earnings results on Friday, December 13th. The mining company reported $5.97 earnings per share for the quarter. Mesabi Trust had a net margin of 74.00% and a return on equity of 83.21%.

Institutional Investors Weigh In On Mesabi Trust

Large investors have recently made changes to their positions in the business. Mad River Investors lifted its stake in Mesabi Trust by 2.0% in the second quarter. Mad River Investors now owns 291,646 shares of the mining company’s stock worth $5,025,000 after acquiring an additional 5,809 shares during the period. Pecaut & CO. raised its holdings in Mesabi Trust by 22.6% in the 2nd quarter. Pecaut & CO. now owns 21,700 shares of the mining company’s stock worth $371,000 after purchasing an additional 4,000 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of Mesabi Trust by 28.3% in the 2nd quarter. Moors & Cabot Inc. now owns 464,502 shares of the mining company’s stock worth $8,003,000 after purchasing an additional 102,520 shares during the period. Beddow Capital Management Inc. boosted its stake in shares of Mesabi Trust by 0.7% during the 2nd quarter. Beddow Capital Management Inc. now owns 462,315 shares of the mining company’s stock valued at $7,966,000 after purchasing an additional 3,028 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in shares of Mesabi Trust during the 3rd quarter valued at about $159,000.

Mesabi Trust Company Profile

Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. Mesabi Trust was founded in 1961 and is based in New York, New York.