Mesabi Trust  

(Public, NYSE:MSB)   Watch this stock  
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4.47
+0.14 (3.23%)
Feb 12 - Close
NYSE real-time data - Disclaimer
Currency in USD
Range 4.40 - 4.60
52 week 3.00 - 17.98
Open 4.45
Vol / Avg. 38,956.00/58,180.00
Mkt cap 59.72M
P/E 5.10
Div/yield 0.05/2.01
EPS 0.88
Shares 13.12M
Beta 1.16
Inst. own 13%
Feb 1, 2016
Q4 2015 Mesabi Trust Earnings Release
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Key stats and ratios

Q4 (Oct '15) 2015
Net profit margin 91.63% 94.97%
Operating margin 91.63% 94.97%
EBITD margin - 94.97%
Return on average assets 158.94% 265.59%
Return on average equity 168.70% 1908.72%
CDP Score - -

Address

60 Wall St Fl 27
NEW YORK, NY 10005-2837
United States - Map
+1-904-2712520 (Phone)
+1-615-8352700 (Fax)

Website links

External links

Analyst Estimates - MarketWatch
SEC Filings - EDGAR Online
Major Holders - MSN Money

Description

Mesabi Trust is a royalty trust. The Trust derives income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The Peter Mitchell 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, 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, a producer of iron ore pellets in North America. Northshore pays royalties to the Trust 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.