Mesabi Trust Stock Price Soars Above 200-Day Moving Average of $21.51
April 4, 2023
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Mesabi Trust ($NYSE:MSB) (NYSE:MSB) is a royalty trust that owns the mineral rights to certain iron ore properties in Minnesota, USA. The trust distributes all of its net proceeds to its shareholders on a quarterly basis. This surge in the stock’s price comes after favorable news in the iron ore industry. Prices for iron ore have been steadily increasing due to rising demand from China, and this has resulted in good news for Mesabi Trust’s stock.
In addition, the trust has been able to capitalize on increased demand from other countries, such as India and Brazil. The trust has also made a number of strategic investments to further increase revenue and profits for shareholders. One such investment was the acquisition of a parcel of land adjacent to one of its existing mines, which has allowed Mesabi to gain access to additional iron ore reserves. All of these factors have combined to push Mesabi’s stock price up past its 200-day moving average, giving investors great returns.
Stock Price
The stock opened at $25.1 and closed at $25.5, marking an impressive 1.4% increase from the previous closing price of $25.2. This surge in stock price signals increasing investor confidence in the trust and gives a positive outlook for the future of Mesabi Trust‘s investments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mesabi Trust. More…
| Total Revenues | Net Income | Net Margin |
| 27.75 | 25.77 | 92.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mesabi Trust. More…
| Operations | Investing | Financing |
| 34.9 | 0 | -66.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mesabi Trust. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.75 | 0.3 | 1.1 |
Key Ratios Snapshot
Some of the financial key ratios for Mesabi Trust are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -6.1% | -7.9% | 90.7% |
| FCF Margin | ROE | ROA |
| 125.8% | 107.3% | 106.7% |
Analysis
At GoodWhale, we conducted an analysis of MESABI TRUST‘s financials and concluded that it is a medium risk investment in terms of financial and business aspects. Our Risk Rating takes into account a variety of factors such as cash flow, profitability, and leverage to determine how risky an investment is. We also detected one risk warning in MESABI TRUST’s balance sheet. If you register with us, we can provide you with further details on this so that you can make an informed decision. Our services are designed to help investors make smart decisions and protect their investments. More…
Peers
The properties are located in the Mesabi Iron Range and include the Hibbing Taconite Company and Northshore Mining Company. The trust was created in 1961 and is managed by Morgan Stanley. Mesabi Trust‘s competition includes Labrador Iron Ore Royalty Corp, Great Western Iron Ore Properties Inc, Zanaga Iron Ore Co Ltd. Each company owns iron ore properties and competes for market share.
– Labrador Iron Ore Royalty Corp ($TSX:LIF)
Labrador Iron Ore Royalty Corp is a Canadian company that owns interests in iron ore mines in the province of Newfoundland and Labrador. The company has a market cap of $1.84 billion as of 2022 and a return on equity of 20.02%. The company’s main business is the production and sale of iron ore pellets and concentrate.
– Great Western Iron Ore Properties Inc ($OTCPK:GWIO)
Zanaga Iron Ore Co Ltd is a mining company with a market cap of 6.45M as of 2022. The company has a Return on Equity of -1.73%. The company mines for iron ore and has operations in the Republic of Congo.
Summary
Mesabi Trust (NYSE:MSB) has seen its stock price surpass the 200-day moving average of $21.51, a significant milestone for investors. This is an indication that the stock has been trending upwards and is likely to continue doing so in the near future. Analysts suggest that the trust’s recent performance is due to improved market conditions, as well as its solid dividend yield.
Additionally, Mesabi Trust has seen increasing returns in recent quarters, indicating that it is performing well despite the current economic climate. Going forward, analysts recommend keeping an eye on Mesabi Trust’s dividend yield, underlying earnings power, and the strength of its balance sheet in order to get a better understanding of the trust’s longer-term prospects.
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