Mesabi Trust opened lower at $17.87, compared with its previous close of $18.12. In the last trading session, the stock traded between $17.46 and $18.57. It showed a sideways intraday trend.
return calculator
Time Period
An investment of $100 made 5 years ago in Mesabi Trust is now worth
$ 81.73
resulting in a loss of
$ 18.27 (18.27%)
invest with $1
Note: Past profits do not guarantee future returns.
Analyst Overview
No analyst rating data available.
Markets Today
Today's Change
$-0.11 (-0.63%)
Day High
$18.57
Day Low
$17.46
Day Open
$17.87
Prev Close
$18.12
Volume
39,115
1W Return
-6.71%
1M Return
-10.32%
3M Return
-20.16%
6M Return
-32.51%
1Y Return
-49.29%
Fundamentals
Market Cap ($ Mn)
236
PE Ratio
27.77
PB Ratio
17.15
PEG Ratio
0.76
ROE
64.68%
ROCE
60.23%
EPS (TTM)
$-0.01
Investment Returns
1 Week
-6.71%
1 Month
-10.32%
3 Months
-20.16%
6 Months
-32.51%
9 Months
-46.46%
Financials
Quarterly
All values in $ Mn
4.3
Apr 25
5.4
Jul 25
3.4
Oct 25
3.4
Jan 26
2.1
Apr 26
2.3
Jul 26
Updates
16Oct
Mesabi Trust declares no distribution for Oct 2026 as royalties fall
Mesabi Trust declared no distribution for the quarter ending October 2026, compared to $0.34 per unit in the prior year. Total royalty payments from Cleveland-Cliffs Inc. fell to $1,807,779 in July 2026 from $5,300,287 in July 2025. No bonus royalties were credited in fiscal year 2026 as shipment prices remained below the $71.70 per ton threshold. The Trustees retained funds to maintain unallocated reserves for pending arbitration and supply chain uncertainties.
Mesabi Trust declared a $0.05 per Unit distribution for unitholders of record on July 30, 2026, payable on August 20, 2026, a decrease from $0.12 in the prior year. The decline is attributed to lower royalty payments of $1,625,300 received from Cleveland-Cliffs Inc. on April 30, 2026, compared to $2,422,329 in April 2025. The Trustees cited industry volatility, trade law uncertainties, and lack of specific operational updates from Northshore Mining as contributing factors.
