Mesabi Trust (NYSE:MSB - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "strong-buy" rating in a note issued to investors on Monday.
Mesabi Trust Stock Performance
MSB traded up $2.64 on Monday, hitting $28.05. The company had a trading volume of 67,932 shares, compared to its average volume of 27,664. The stock has a market capitalization of $368.02 million, a price-to-earnings ratio of 4.00 and a beta of 0.85. The stock has a fifty day moving average price of $25.84 and a 200-day moving average price of $20.98. Mesabi Trust has a 12-month low of $15.93 and a 12-month high of $29.72.
Mesabi Trust (NYSE:MSB - Get Free Report) last posted its quarterly earnings data on Friday, December 13th. The mining company reported $5.97 EPS 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
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSB. Mad River Investors lifted its stake in shares of Mesabi Trust by 0.5% during the third quarter. Mad River Investors now owns 293,069 shares of the mining company's stock worth $6,638,000 after buying an additional 1,423 shares during the period. Beddow Capital Management Inc. raised its stake in Mesabi Trust by 0.7% in the 2nd quarter. Beddow Capital Management Inc. now owns 462,315 shares of the mining company's stock worth $7,966,000 after acquiring an additional 3,028 shares during the last quarter. Pecaut & CO. raised its stake 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 acquiring an additional 4,000 shares during the last quarter. Quent Capital LLC acquired a new stake in Mesabi Trust during the 3rd quarter worth about $159,000. Finally, Apollon Wealth Management LLC purchased a new stake in Mesabi Trust during the 3rd quarter valued at about $344,000.
About Mesabi Trust
(
Get Free Report)
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.
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