Dollarama (OTCMKTS:DLMAF) Sets New 52-Week High – Here’s What Happened

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on DLMAF. Sanford C. Bernstein started coverage on shares of Dollarama in a research report on Wednesday, September 17th. They issued an “outperform” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Dollarama in a research note on Friday, November 28th. CIBC reissued an “outperform” rating on shares of Dollarama in a report on Friday, December 12th. TD Securities reaffirmed a “buy” rating on shares of Dollarama in a research note on Friday, December 12th. Finally, National Bankshares reiterated an “outperform” rating on shares of Dollarama in a research report on Thursday, December 4th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Dollarama Stock Performance

The company’s 50 day moving average price is $139.50 and its 200 day moving average price is $137.58.

Dollarama (OTCMKTS:DLMAF) last posted its quarterly earnings data 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 the consensus estimate of $1.35 billion.

Dollarama Company Profile

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.