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Mesabi Trust

MSB · NYSE

$19.16−$0.03 (−0.16%)TodayMarket closed ·
Prev close $19.19

About MSB

Mesabi Trust engages in the business of collecting income, paying expenses and liabilities, distributing net income to the holders of Trust certificates after the payment of, or provision for, such expenses and liabilities, and protecting and conserving the assets held. The company is headquartered in New York City, New York. The Trust is a pass-through entity. The company operates in one segment, which is iron ore mining. The mine is operated by Northshore Mining Company (Northshore), a subsidiary of Cleveland-Cliffs Inc. (CCI). Northshore mines the ore, which is in the form of taconite, a hard rock containing approximately 21% recoverable iron, crushes it, separates the iron particles from the non-metallic, and forms the resulting concentrate into pellets which are shipped for use in steel-producing blast furnaces of customers of CCI. Northshore pays royalties to the Trust primarily based on the selling price of pellets shipped from Northshore’s pellet plant at Silver Bay, Minnesota, on Lake Superior approximately 45 miles from the mine, plus a significantly smaller royalty based on tons of ore extracted at the mine.

Employees
0
Headquarters
New York City, New York
Listed
Mar 17, 1980
Sector
Materials
Industry
Metals & Mining
Website
mesabi-trust.com

MSB key statistics

Market cap
251.38M
Price-earnings ratio
38.85
Dividend yield
5.11%
Average volume
46.85K
Volume
39.92K
Open price
$18.91
High today
$19.48
Low today
$18.80
52 Week high
$42.38
52 Week low
$17.25

Mesabi Trust (MSB) at a glance

As of Oct 20, 2026, Mesabi Trust (MSB) shares are priced at $19.16, giving the company a market cap of 251.38M, a price-to-earnings ratio of 38.85 and a dividend yield of 5.11%.

Today the stock has traded between $18.80 and $19.48. The current price is 1.9% above the day's low and 1.6% below its high.

Volume so far is 39.92K shares, in line with the average of 46.85K shares a day.

Over the past year Mesabi Trust has ranged from $17.25 to $42.38, and now sits 8% of the way up that range.

Mesabi Trust met or beat analyst EPS estimates in 3 of the last 8 quarters. In Q4 FY26 it reported $0.21 per share against an estimate of $0.00.

MSB earnings

Earnings per share, reported against the analyst estimate

Beat the estimate in 3 of the last 8 quarters, by 13.8% on average.

  1. Q2 FY12: reported $0.77 per share against an estimate of $0.606
  2. Q3 FY12: reported $1.05 per share against an estimate of $1.05
  3. Q4 FY12: reported $0.48 per share against an estimate of $0.6666
  4. Q1 FY13: reported $0.26 per share against an estimate of $0.303
  5. Q2 FY13: reported $0.83 per share against an estimate of $0.8888
  6. Q3 FY13: reported $0.89 per share against an estimate of $0.7777
  7. Q4 FY13: reported $0.36 per share against an estimate of $0.4242
  8. Q4 FY26: reported $0.21 per share against an estimate of $0.00

MSB news

  • Press releaseBusiness Wire

    Mesabi Trust Announcement of No Distribution

  • Press releaseBusiness Wire

    Mesabi Trust Press Release

  • Press releaseBusiness Wire

    Mesabi Trust Press Release

  • Press releaseBusiness Wire

    Mesabi Trust Press Release

  • Press releaseBusiness Wire

    Mesabi Trust Press Release

  • Press releaseBusiness Wire

    Mesabi Trust Press Release

  • Press releaseBusiness Wire

    Mesabi Trust Press Release

  • Press releaseBusiness Wire

    Mesabi Trust Press Release

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Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.