Foremost Clean Energy Ltd. (FMST) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Total · absolute moveSwitch to Alpha · Nasdaq
Foremost Clean Energy Ltd. (FMST) stock forecast summary
Our AI ranks Foremost Clean Energy Ltd. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Foremost Clean Energy Ltd. is a small-cap company with a market capitalization of $8M. It ranks number 9 by market capitalization among the 10 Miscellaneous Metal Ores issuers in our coverage with a current forecast.
For FMST, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -36.0%, measured on 290 forecast dates between 2023-11-10 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -30.0%, measured on 333 forecast dates between 2023-11-10 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +5.1%, buy ≥ +3.4%, sell < +1.8%, strong sell < +0.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How FMST ranks among 5184 stocks
90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Foremost Clean Energy Ltd. (FMST) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Miscellaneous Metal Ores peers listed below that report each metric. Statement values were filed in CAD and are shown converted to USD (flows at the trailing twelve-month average rate, balances at the balance-sheet date rate).
Valuation & Market
| Metric | FMST | Rank |
|---|---|---|
| Market Cap | $8M | 9/10 |
Profitability & Margins
| Metric | FMST | Rank |
|---|---|---|
| ROE | -30.6% | 4/5 |
| ROA | -27.0% | 5/7 |
| ROIC | -40.7% | 7/7 |
Financial Health
| Metric | FMST | Rank |
|---|---|---|
| Current Ratio | 1.65x | 7/10 |
| D/E Ratio | 0.13x | 4/6 |
| Financial Leverage | 1.13x | 5/7 |
| Working Capital | $1M | 7/9 |
Cash Flow
| Metric | FMST | Rank |
|---|---|---|
| Operating Cash Flow | -$7M | 5/9 |
Income Statement
| Metric | FMST | Rank |
|---|---|---|
| Operating Income | -$7M | 4/7 |
| Net Income | -$5M | 5/7 |
Dividend & Shareholder Information
| Metric | FMST | Rank |
|---|---|---|
| Shares Outstanding | 16M | – |
Balance Sheet Highlights (USD millions, converted from CAD)
| Total Current Assets | $4M | |
| Cash & Short-term Investments | $3M | |
| Total Liabilities | $2M | |
| Short-term Debt | $2M |
FMST quarterly financials and insider trading
Foremost Clean Energy Ltd. (FMST) industry peers
Companies classified under the same SEC industry code as Foremost Clean Energy Ltd. (Miscellaneous Metal Ores): 12 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Total) | Market Cap |
|---|---|---|
| FMST Foremost Clean Energy Ltd. | ▲ | $8M |
| CCJ Cameco Corp | ▶ | $35.50B |
| NXE Nexgen Energy Ltd. | ▲ | $5.52B |
| UEC Uranium Energy Corp | ▲ | $3.92B |
| DNN Denison Mines Corp. | ▲ | $2.06B |
| IPX Iperionx Ltd | ▲ | $571M |
| NMG Nouveau Monde Graphite Inc. | ▶ | $311M |
| NUCL Eagle Nuclear Energy Corp. | ▶ | $150M |
| FNUC Frontier Nuclear & Minerals Inc. | ▲ | $16M |
| GLNS Golden Star Resource Corp. | ▼ | $6M |
| ELRE Yinfu Gold Corp. | ▼ | N/A |
| RITE Mineralrite Corp | ▼ | N/A |
Where FMST sits on the market map
Foremost Clean Energy Ltd. (FMST) stock news
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Foremost Clean Energy Ltd. (FMST) stock forecast FAQ
What is the Foremost Clean Energy Ltd. (FMST) stock forecast?
Our AI ranks Foremost Clean Energy Ltd. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Foremost Clean Energy Ltd. stock predictions?
For FMST, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -36.0%, measured on 290 forecast dates between 2023-11-10 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -30.0%, measured on 333 forecast dates between 2023-11-10 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Foremost Clean Energy Ltd. forecasts updated?
Foremost Clean Energy Ltd. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Foremost Clean Energy Ltd.'s industry peers?
12 issuers in our coverage, FMST included, share the SEC industry code Miscellaneous Metal Ores. The largest are: Cameco Corp (CCJ), Nexgen Energy Ltd. (NXE), Uranium Energy Corp (UEC), Denison Mines Corp. (DNN), Iperionx Ltd (IPX), Nouveau Monde Graphite Inc. (NMG).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.