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

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

Mesabi Trust Trading Up 2.2 %

Shares of Mesabi Trust stock opened at $28.68 on Monday. The business has a fifty day simple moving average of $25.84 and a two-hundred day simple moving average of $20.98. The firm has a market capitalization of $376.22 million, a P/E ratio of 4.03 and a beta of 0.85. Mesabi Trust has a 12 month low of $15.93 and a 12 month high of $29.72.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Horizon Kinetics Asset Management LLC lifted its holdings in shares of Mesabi Trust by 1.4% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 2,659,623 shares of the mining company’s stock valued at $60,240,000 after buying an additional 37,417 shares during the period. Moors & Cabot Inc. lifted its stake in shares of Mesabi Trust by 7.2% in the 3rd quarter. Moors & Cabot Inc. now owns 497,913 shares of the mining company’s stock worth $11,278,000 after purchasing an additional 33,411 shares during the period. Beddow Capital Management Inc. boosted its holdings in shares of Mesabi Trust by 0.7% in the second quarter. Beddow Capital Management Inc. now owns 462,315 shares of the mining company’s stock worth $7,966,000 after buying an additional 3,028 shares during the last quarter. Mad River Investors grew its position in Mesabi Trust by 0.5% during the third quarter. Mad River Investors now owns 293,069 shares of the mining company’s stock valued at $6,638,000 after buying an additional 1,423 shares during the period. Finally, EagleClaw Capital Managment LLC increased its holdings in Mesabi Trust by 27.9% during the third quarter. EagleClaw Capital Managment LLC now owns 146,400 shares of the mining company’s stock valued at $3,316,000 after buying an additional 31,900 shares during the last quarter.

About Mesabi Trust

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.