Dollarama (OTCMKTS:DLMAF) Reaches New 12-Month High – Should You Buy?

Dollarama Inc. (OTCMKTS:DLMAF)’s stock price reached a new 52-week high on Friday . The stock traded as high as $160.86 and last traded at $160.86, with a volume of 691 shares trading hands. The stock had previously closed at $150.30.

Wall Street Analysts Forecast Growth

DLMAF has been the subject of a number of research reports. CIBC restated an “outperform” rating on shares of Dollarama in a research report on Friday, December 12th. Royal Bank Of Canada reissued an “outperform” rating on shares of Dollarama in a research report on Friday, November 28th. Scotiabank reaffirmed an “outperform” rating on shares of Dollarama in a research report on Friday, December 12th. Sanford C. Bernstein assumed coverage on shares of Dollarama in a research note on Wednesday, September 17th. They issued an “outperform” rating on the stock. Finally, TD Securities reissued a “buy” rating on shares of Dollarama in a research note on Friday, December 12th. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Dollarama Stock Up 7.0%

The company has a 50 day moving average of $138.91 and a 200 day moving average of $137.31.

Dollarama (OTCMKTS:DLMAF) last posted its earnings results on Thursday, December 11th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.05. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion.

About Dollarama

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.