Brazilian Rare Earths Ltd. (AU:BRE)
ASX:BRE
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Brazilian Rare Earths Ltd.
(Sydney:BRE)
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Rating:55Neutral
Price Target:
AU$5.50
▲(24.15% Upside)
Action:Reiterated
Date:06/02/26
The score is held back primarily by weak financial performance (pre-revenue, significant losses, and ongoing cash burn), despite a strong, low-leverage balance sheet. Technicals are supportive with a clear uptrend, but momentum appears extended. Valuation is a drag because negative earnings make P/E unhelpful and there is no dividend yield.
Positive Factors
Balance sheet strength
A materially stronger equity base and very low leverage reduce refinancing risk and provide a durable funding buffer. This capital position supports multi-quarter exploration, permitting and project advancement without immediate reliance on dilutive capital markets, improving strategic optionality.
Negative Factors
Pre-revenue profile
The company remains essentially pre-revenue with no material operating inflows, meaning core activities do not yet generate cash. This forces reliance on external financing or partners, raising dilution and timeline risk and leaving profitability and cash self-sufficiency uncertain over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A materially stronger equity base and very low leverage reduce refinancing risk and provide a durable funding buffer. This capital position supports multi-quarter exploration, permitting and project advancement without immediate reliance on dilutive capital markets, improving strategic optionality.
Read all positive factors
Brazilian Rare Earths Ltd. (BRE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.47B
Dividend YieldN/A
Average Volume (3M)524.04K
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue GrowthN/A
EPS Growth-52.62%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.17
Shares Outstanding280,153,720
10 Day Avg. Volume863,064
30 Day Avg. Volume524,042
Financial Highlights & Ratios
PEG Ratio1.59
Price to Book (P/B)6.18
Price to Sales (P/S)0.00
P/FCF Ratio-29.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$7.48Price Target Upside68.92% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.14
Revenue Forecast (FY)N/A
Brazilian Rare Earths Ltd. Business Overview & Revenue Model
Company Description
Brazilian Rare Earths Limited is dedicated to prospecting for vital rare earth metals and other essential minerals within the Brazilian state of Bahia. The company possesses exploration rights spanning roughly 1,410 square kilometers, all situated...
How the Company Makes Money
null...
Brazilian Rare Earths Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 15.67K | 0.00 |
| Gross Profit | 0.00 | -4.75K | -97.85K | 0.00 | -986.00 |
| EBITDA | -45.98M | -46.05M | -37.82M | -7.63M | -207.67K |
| Net Income | -42.06M | -46.07M | -69.08M | -7.90M | -208.66K |
Balance Sheet | |||||
| Total Assets | 171.02M | 86.09M | 15.51M | 20.04M | 104.84K |
| Cash, Cash Equivalents and Short-Term Investments | 162.36M | 81.69M | 48.84M | 18.43M | 50.06K |
| Total Debt | 1.55M | 0.00 | 10.74M | 17.53M | 0.00 |
| Total Liabilities | 8.90M | 4.30M | 26.32M | 21.57M | 5.24K |
| Stockholders Equity | 162.12M | 81.79M | 35.82M | -1.53M | 99.60K |
Cash Flow | |||||
| Free Cash Flow | -34.28M | -42.29M | -20.21M | -6.02M | -197.87K |
| Operating Cash Flow | -31.73M | -41.86M | -18.54M | -5.58M | -180.41K |
| Investing Cash Flow | 27.19M | -120.06K | -503.42K | -84.38K | -51.75K |
| Financing Cash Flow | 115.02M | 21.18M | 15.28M | 6.75M | 282.55K |
Brazilian Rare Earths Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | AU$1.58B | 6.62 | 9.48% | ― | 53.27% | 762.77% | |
56 Neutral | AU$414.35M | -71.68 | -4.78% | ― | ― | 19.27% | |
55 Neutral | AU$1.47B | -31.66 | -46.34% | ― | ― | -52.62% | |
54 Neutral | AU$1.95B | -59.66 | -14.75% | ― | ― | 20.35% | |
43 Neutral | AU$158.79M | -13.55 | -27.06% | ― | ― | 30.63% |
* Basic Materials Sector Average
AU:BRE
Brazilian Rare Earths Ltd.
5.51
3.26
144.89%
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Bougainville Copper
0.64
0.25
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Zimplats Holdings Limited
15.00
-0.25
-1.64%
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Minerals 260 Limited
0.93
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560.71%
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Antipa Minerals Limited
0.65
-0.15
-18.35%
AU:SPD
Southern Palladium Ltd.
1.23
0.61
98.39%
Brazilian Rare Earths Ltd. Corporate Events
Alurion Resources launches high‑risk IPO to raise up to A$50m
Jun 5, 2026
Alurion Resources Limited has released a prospectus for an initial public offering of between 28,571,429 and 47,619,048 fully paid ordinary shares at $1.05 per share, seeking to raise A$30 million to A$50 million before costs. The offer includes a...
Brazilian Rare Earths Plans In-Specie Distribution of Alurion Shares
Jun 5, 2026
Brazilian Rare Earths Limited has issued a short form prospectus outlining an in-specie distribution of 157,082,188 shares in Alurion to its eligible shareholders. Investors on the record date are expected to receive approximately 0.5607 Alurion s...
Brazilian Rare Earths Plans Capital Reduction and Alurion Share Spin-Off
Jun 5, 2026
Brazilian Rare Earths Limited has called a general meeting for 10 July 2026 in Sydney to seek shareholder approval for a capital reduction and an in‑specie distribution of ordinary shares in its subsidiary Alurion Resources Limited to eligib...
Brazilian Rare Earths Spins Out Alurion to Advance Amargosa Bauxite-Gallium Project
Jun 5, 2026
Brazilian Rare Earths has initiated the demerger of newly formed Alurion Resources, which will own the Amargosa bauxite-gallium project in Bahia, Brazil, and has issued meeting and prospectus documents to shareholders. The move aims to create a de...
Brazilian Rare Earths boosts director equity with new long‑term options
May 28, 2026
Brazilian Rare Earths Limited has awarded director Bernardo Sanchez Agapito da Veiga a new tranche of unlisted options under its incentive plan, further increasing his exposure to the company’s equity. The grant comprises 112,502 short-term ...
Brazilian Rare Earths shareholders back all resolutions at AGM
May 28, 2026
Brazilian Rare Earths Ltd. reported that all seven resolutions put to shareholders at its latest annual general meeting were passed by the required majorities following a poll-based vote, including the adoption of the remuneration report and the r...
Brazilian Rare Earths Sets Up Dedicated Leadership for Alurion Spin-Off
May 24, 2026
Brazilian Rare Earths has established a dedicated leadership structure for its subsidiary Alurion Resources, appointing mining executive Mauricio Noronha as CEO and forming a specialised board to oversee the Amargosa Bauxite Project in Bahia, Braz...
Brazilian Rare Earths Sets 2026 AGM With Focus on Governance and Executive Incentives
Apr 28, 2026
Brazilian Rare Earths Limited has called its 2026 annual general meeting for 28 May in Sydney, inviting shareholders to review the 2025 annual report, including financial, directors’ and auditor’s reports. The agenda includes an adviso...
Brazilian Rare Earths Advances Ultra High-Grade Monte Alto With Strong Drilling and Low-Cost Processing Tests
Apr 26, 2026
Brazilian Rare Earths reported further outstanding drilling results at its Monte Alto project in Brazil, confirming it as a globally significant ultra high-grade rare earth discovery with thick, continuous mineralised zones and strong critical min...
Brazilian Rare Earths Expands Brazilian Portfolio with Água Verde Tenement Deal
Apr 26, 2026
Brazilian Rare Earths Limited has expanded its Brazilian asset base by acquiring four tenements that make up the Água Verde Project, issuing 1,035,196 fully paid ordinary shares as consideration. The transaction, completed on April 27, 2026, ...
Brazilian Rare Earths Sets Timetable for 2026 AGM and Director Nominations
Apr 14, 2026
Brazilian Rare Earths Ltd. has scheduled its next Annual General Meeting for 28 May 2026, in line with ASX Listing Rule 3.13.1. A key item of business at the meeting will be the re-election of directors, underscoring the company’s focus on b...
Brazilian Rare Earths Director Increases Shareholding Through Option Conversion
Apr 9, 2026
Brazilian Rare Earths Limited disclosed a change in the equity holdings of director Bernardo Sanchez Agapito da Veiga following the conversion of performance-related options into ordinary shares. The transaction, which involved converting both sta...
Brazilian Rare Earths Issues New Shares Under Disclosure Exemption
Apr 9, 2026
Brazilian Rare Earths Ltd. has issued 3,306,635 fully paid ordinary shares on 9 April 2026, under provisions that allow the issuance without a full public disclosure document. The company confirmed it is up to date with its financial reporting and...
Brazilian Rare Earths Seeks ASX Quotation for 3.3 Million New Shares
Apr 9, 2026
Brazilian Rare Earths Limited has applied for quotation of 3,306,635 additional ordinary fully paid shares on the Australian Securities Exchange, to be issued on April 9, 2026. The new securities arise from the exercise or conversion of existing o...
Brazilian Rare Earths Files Updated ASX Corporate Governance Statement
Mar 30, 2026
Brazilian Rare Earths has lodged its updated corporate governance statement and accompanying Appendix 4G with the ASX for the financial year ended 31 December 2025, confirming compliance with key governance principles. The company reports that it ...
Brazilian Rare Earths Unveils 2025 Annual Report Focused on Brazil-Based Critical Minerals Growth
Mar 29, 2026
Brazilian Rare Earths Limited has released its 2025 Annual Report for the year ended 31 December 2025, outlining its operating review, key assets such as the Rocha da Rocha project, and its Amargosa bauxite-gallium development. The report highligh...
Brazilian Rare Earths shifts registered office to Sydney CBD
Mar 27, 2026
Brazilian Rare Earths Limited has changed its registered office and principal place of business to Level 12, 347 Kent Street, Sydney, New South Wales, as notified under ASX listing requirements. The move centralises the company’s corporate p...
Brazilian Rare Earths Wins Trial Mining Licence for Monte Alto Project in Brazil
Mar 24, 2026
Brazilian Rare Earths has secured a Trial Mining Licence from Brazil’s National Mining Agency for its ultra-high-grade Monte Alto rare earths and critical minerals project in Bahia, marking a significant regulatory milestone toward commercia...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.