Asahi Life Asset Management CO. LTD. Invests $277,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

Asahi Life Asset Management CO. LTD. acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,930 shares of the company's stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in WPM. Fielder Capital Group LLC lifted its position in Wheaton Precious Metals by 0.7% during the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock worth $1,389,000 after acquiring an additional 176 shares during the period. Merit Financial Group LLC grew its holdings in shares of Wheaton Precious Metals by 3.9% during the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock worth $271,000 after purchasing an additional 179 shares during the period. Insigneo Advisory Services LLC boosted its holdings in Wheaton Precious Metals by 2.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company's stock worth $522,000 after acquiring an additional 187 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Wheaton Precious Metals by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock valued at $1,208,000 after buying an additional 196 shares during the last quarter. Finally, Western Pacific Wealth Management LP raised its position in shares of Wheaton Precious Metals by 13.9% during the 3rd quarter. Western Pacific Wealth Management LP now owns 1,732 shares of the company's stock valued at $106,000 after acquiring an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock traded down $0.74 during mid-day trading on Thursday, reaching $70.24. 586,214 shares of the company traded hands, compared to its average volume of 1,493,175. The company has a market capitalization of $31.86 billion, a price-to-earnings ratio of 52.41, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76. Wheaton Precious Metals Corp. has a fifty-two week low of $43.18 and a fifty-two week high of $71.55. The firm's fifty day moving average is $62.43 and its two-hundred day moving average is $62.15.

Analysts Set New Price Targets

Several research firms have recently issued reports on WPM. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. TD Securities raised their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, UBS Group initiated coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a "buy" rating and a $78.00 price objective on the stock. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $71.67.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.