--- title: "Weekly Recap | Freeport Mcmoran this week, consensus target below spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/298097666.md" description: "Freeport Mcmoran (FCX) has no full-week closing price or weekly percentage change available for this review window, so a complete week-on-week move cannot be given. In the latest session, the stock touched a pre-market low of $70.750 on 4 September before ending at $72.730, with a small after-hours lift to $72.740. Over the same stretch the S&P 500 added 0.09%, but FCX’s relative performance cannot be calculated because the weekly price series is missing." datetime: "2026-09-05T06:49:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298097666.md) - [en](https://longbridge.com/en/news/298097666.md) - [zh-HK](https://longbridge.com/zh-HK/news/298097666.md) generator: "portal-rs" --- # Weekly Recap | Freeport Mcmoran this week, consensus target below spot ## The Week Freeport Mcmoran (FCX) has no full-week closing price or weekly percentage change available for this review window, so a complete week-on-week move cannot be given. In the latest session, the stock touched a pre-market low of $70.750 on 4 September before ending at $72.730, with a small after-hours lift to $72.740. Over the same stretch the S&P 500 added 0.09%, but FCX’s relative performance cannot be calculated because the weekly price series is missing. Trading stayed range-bound between roughly $71 and $73, with no clear one-way trend. ## Key Events FCX fell about 3.47% in pre-market trading on 1 September and closed that day down 3.09%, the steepest move of the week. A stronger dollar weighed on industrial metals, dragging copper and zinc lower. The following day the stock rebounded sharply, rising as much as 3% intraday as copper surged on shifting trade-policy expectations and AI-driven demand. Still, FCX lagged its copper-mining peers on both 3 September and 4 September, underperforming the group on an up day and a down day. Late in the week, Kahn Swick & Foti announced an investigation into FCX’s officers and directors, leaving a regulatory overhang into the weekend. ## Analyst Ratings Of the 24 institutions covering FCX, 12 rate it buy, 6 rate it overweight, 4 rate it hold, 1 rates it sell, and 1 has no opinion. The consensus rating is buy, with a consensus target price of $72.04545, about 0.94% below the latest price of $72.73. Target prices are wide apart, from a low of $30.000 to a high of $83.000. Among six covered names in the copper industry, FCX ranks first on analyst rating. ## The Week Ahead The post-Labour Day week brings a dense run of US macro data. Small-business optimism from NFIB lands on 8 September, with a prior reading of 99.8. On 10 September the calendar includes the 10-year Treasury auction results, initial jobless claims, final-demand PPI (prior 4.7% year-on-year, forecast 5.3%), existing-home sales and natural-gas inventories. With the dollar and trade-policy expectations still pulling copper in both directions, these prints will set the near-term tone for industrial metals. Any new disclosure from the Kahn Swick & Foti investigation would also be a company-specific item to watch. ## In Short The tension for FCX this week sits between a sell-side that is broadly positive—nearly all ratings are buy or overweight—and a consensus target that is already below spot, suggesting current pricing has run ahead of the average model. Copper swung between AI demand and trade-policy shifts, FCX lagged peers for two straight sessions, and an investigation into executives emerged at the weekend. Valuation is not cheap, with a price-to-book around 5.19x. The next reads are how the dollar and copper settle, and whether the probe changes how institutions price governance risk. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [FCX.US](https://longbridge.com/en/quote/FCX.US.md) ## Related News & Research - [Corient Private Wealth LP Buys 17,405 Shares of Freeport-McMoRan Inc. $FCX](https://longbridge.com/en/news/299014620.md) - [With the copper price surfing all-time highs, here's what one CEO thinks about the sector long term](https://longbridge.com/en/news/298553583.md) - [Copper prices looked unstoppable. Why they’re suddenly tumbling.](https://longbridge.com/en/news/298614253.md) - [Copper’s Record Rally Highlights a Deeper Supply Problem](https://longbridge.com/en/news/298830274.md) - [Copper Price Forecast: US Refined Copper Tariffs May Be Delayed, Copper Prices Plunge After Record High, Can They Still Rise?](https://longbridge.com/en/news/298818462.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**