Brazilian Rare Earths Ltd. (AU:BRE)
ASX:BRE
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Brazilian Rare Earths Ltd.
(Sydney:BRE)
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Select Model
Rating:44Neutral
Price Target:
AU$4.00
â–Ľ(-6.98% Downside)
Action:UpgradedDate:01/29/26
The score is held down primarily by pre-revenue operations with large losses and significant ongoing cash burn, despite the improved balance sheet with zero debt. Technical signals are mixed and do not indicate strong momentum, while valuation metrics are unattractive/less informative due to negative earnings and no dividend support.
Positive Factors
Debt-free Balance Sheet
A debt-free balance sheet with ~81.8M equity materially reduces refinancing and interest-rate risk, giving management durable financial flexibility to fund exploration and evaluation. This runway supports multi-stage project advancement without immediate borrowing over the next several months.
Negative Factors
Pre-revenue and Large Losses
The company remains effectively pre-revenue with a deeply negative net loss (-46.1M in 2024), meaning value depends on future exploration success and long development timelines. Persistent losses increase execution risk and heighten the probability of future dilution or value impairment.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free Balance Sheet
A debt-free balance sheet with ~81.8M equity materially reduces refinancing and interest-rate risk, giving management durable financial flexibility to fund exploration and evaluation. This runway supports multi-stage project advancement without immediate borrowing over the next several months.
Read all positive factors
Brazilian Rare Earths Ltd. (BRE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.19B
Dividend YieldN/A
Average Volume (3M)524.04K
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.00
Shares Outstanding275,811,900
10 Day Avg. Volume863,064
30 Day Avg. Volume524,042
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)6.73
Price to Sales (P/S)0.00
P/FCF Ratio-13.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$7.20Price Target Upside67.44% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.15
Revenue Forecast (FY)N/A
Brazilian Rare Earths Ltd. Business Overview & Revenue Model
Company Description
Brazilian Rare Earths Limited focuses on exploring for rare earth elements and other critical minerals in the state of Bahia, Brazil. It holds interests in approximately 1,410 km² of exploration permits within the Rocha da Rocha Rare Earths Provin...
How the Company Makes Money
BRE’s revenue model is not publicly specified in the information available to me. null...
Brazilian Rare Earths Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 15.67K | 0.00 |
| Gross Profit | -4.06K | -4.75K | -97.85K | 0.00 | -986.00 |
| EBITDA | -9.18M | -46.05M | -37.82M | -7.63M | -207.67K |
| Net Income | -9.19M | -46.07M | -69.08M | -7.90M | -208.66K |
Balance Sheet | |||||
| Total Assets | 20.27M | 86.09M | 15.51M | 20.04M | 104.84K |
| Cash, Cash Equivalents and Short-Term Investments | 18.83M | 81.69M | 48.84M | 18.43M | 50.06K |
| Total Debt | 0.00 | 0.00 | 10.74M | 17.53M | 0.00 |
| Total Liabilities | 856.66K | 4.30M | 26.32M | 21.57M | 5.24K |
| Stockholders Equity | 19.41M | 81.79M | 35.82M | -1.53M | 99.60K |
Cash Flow | |||||
| Free Cash Flow | -7.10M | -42.29M | -20.21M | -6.02M | -197.87K |
| Operating Cash Flow | -6.81M | -41.86M | -18.54M | -5.58M | -180.41K |
| Investing Cash Flow | -297.13K | -120.06K | -503.42K | -84.38K | -51.75K |
| Financing Cash Flow | -2.44M | 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% | |
53 Neutral | AU$533.75M | -5.72 | -61.67% | ― | ― | ― | |
52 Neutral | AU$526.37M | -55.50 | 0.41% | ― | ― | ― | |
49 Neutral | AU$647.78M | -127.78 | -1.01% | ― | ― | 42.55% | |
48 Neutral | AU$602.82M | 34.64 | -8.58% | ― | 28.45% | 79.93% | |
46 Neutral | AU$371.10M | -19.57 | -6.04% | ― | ― | -76.36% | |
44 Neutral | AU$1.19B | -32.75 | -18.15% | ― | ― | ― |
* Basic Materials Sector Average
AU:BRE
Brazilian Rare Earths Ltd.
4.30
2.35
120.51%
AU:STK
Strickland Metals Ltd
0.20
0.11
122.22%
AU:29M
29metals Ltd.
0.35
0.20
141.26%
AU:LRV
Larvotto Resources Limited
1.03
0.09
8.99%
AU:AZY
Antipa Minerals Limited
0.56
0.08
16.67%
AU:SMI
Santana Minerals Ltd.
0.67
0.12
21.82%
Brazilian Rare Earths Ltd. Corporate Events
Brazilian Rare Earths extends Sulista district to 17 km with new high-grade corridors
Mar 10, 2026
Brazilian Rare Earths has significantly expanded the scope of its Sulista rare earth district, increasing the target exploration strike from more than 10 kilometres to over 17 kilometres through extensive drilling, geophysics and regional prospect...
Brazilian Rare Earths Validates Low-Temperature Process With 97% Recovery Rates
Feb 10, 2026
Brazilian Rare Earths has validated a low-temperature sulfuric acid curing process operating at 150°C that delivers very high extraction rates, including 97% recovery for total rare earth oxides and uranium. The optimisation work, conducted a...
Brazilian Rare Earths Hits 95% Yields in High-Grade Ore Sorting at Monte Alto
Feb 3, 2026
Brazilian Rare Earths reported exceptional results from independent sensor-based ore sorting tests on run-of-mine material from its Monte Alto rare earths project, achieving more than a twofold grade increase from 12.4% to about 27% TREO in a sing...
Brazilian Rare Earths Director Increases Indirect Shareholding via Option Conversion
Jan 29, 2026
Brazilian Rare Earths Limited has disclosed a change in director Todd Hannigan’s relevant interest in the company’s securities, reflecting the conversion of a portion of his options into fully paid ordinary shares. Through DITM Holding...
Brazilian Rare Earths Advances Low‑Cost Amargosa Bauxite Project and Secures Strategic Rare Earth Partnership
Jan 29, 2026
Brazilian Rare Earths Ltd reported strong progress for the December 2025 quarter, anchored by a scoping study confirming its Amargosa Bauxite-Gallium Project in Bahia as a large-scale, low-cost direct-ship-bauxite operation with a 568 Mt JORC reso...
Brazilian Rare Earths Investor Sells $17m Stake, Ceases to Be Substantial Holder
Jan 22, 2026
Brazilian Rare Earths Ltd has disclosed that investor Anastasios Arima has ceased to be a substantial shareholder in the company following an off-market sale of 4 million ordinary shares for A$17 million on 21 January 2026. The change reduces conc...
Brazilian Rare Earths Updates Securities Trading Policy to Strengthen Insider Trading Controls
Jan 5, 2026
Brazilian Rare Earths Limited has released an updated securities trading policy to comply with ASX Listing Rule 12.10 and formalise when key management personnel and employees may trade in the company’s securities and in securities of other ...
Brazilian Rare Earths Strengthens Finance Team With New CFO Appointment
Jan 5, 2026
Brazilian Rare Earths Limited has appointed John Vander Ploeg as Chief Financial Officer, effective immediately, bringing in a seasoned finance executive with more than two decades of experience in listed-company reporting, complex corporate trans...
Brazilian Rare Earths Issues New Shares Under Disclosure Exemption
Dec 28, 2025
Brazilian Rare Earths Ltd has issued 127,400 fully paid ordinary shares on 24 December 2025 without a prospectus or other disclosure document, relying on provisions of the Corporations Act that permit such an issue. The company stated it remains c...
Brazilian Rare Earths Seeks ASX Quotation for New Incentive Shares
Dec 28, 2025
Brazilian Rare Earths Limited has applied for quotation on the ASX of 127,400 new fully paid ordinary shares issued on 24 December 2025 under an employee incentive scheme. The move modestly increases the company’s quoted capital base and ref...
Major Shareholder Exits Substantial Holding in Brazilian Rare Earths
Dec 23, 2025
Brazilian Rare Earths Ltd has disclosed that shareholders Kirk Kileff, Sarah-Anne Kileff and Kitabella Pty Ltd as trustee for the Kitabella Trust have ceased to be substantial holders in the company. According to the notice, Kitabella Pty Ltd exec...
Brazilian Rare Earths Flags Exit of Substantial Shareholder After $12.4m Block Trade
Dec 23, 2025
Brazilian Rare Earths Ltd., listed on the ASX, is a company focused on the exploration and development of rare earth elements in Brazil, supplying critical materials used in high-tech, green energy and industrial applications. The company has disc...
Brazilian Rare Earths Director Trims Holding in A$25m Off-Market Share Deal
Dec 23, 2025
Brazilian Rare Earths Ltd. has disclosed a change in the shareholding of director Bernardo Da Veiga, reported to the ASX under director interest notification rules. The filing shows Da Veiga transferred 6,372,158 fully paid ordinary shares off-mar...
Brazilian Rare Earths Issues 509,600 New Shares Under Disclosure Exemption
Dec 22, 2025
Brazilian Rare Earths Limited has issued 509,600 fully paid ordinary shares on 22 December 2025 without a prospectus or other formal disclosure document, relying on provisions of the Corporations Act that allow such issuance under certain conditio...
Brazilian Rare Earths Seeks ASX Quotation for New Employee Incentive Shares
Dec 22, 2025
Brazilian Rare Earths Limited has applied for quotation on the ASX of 509,600 new fully paid ordinary shares issued on 22 December 2025 under an employee incentive scheme. The move modestly enlarges the company’s listed free float while rein...
Brazilian Rare Earths Seeks ASX Quotation for 135.6m Ordinary Shares
Dec 22, 2025
Brazilian Rare Earths Limited has applied to the ASX for quotation of 135,631,564 ordinary fully paid shares under the code BRE, following the expiry of escrow on restricted securities. The additional quotation of these shares increases the stock ...
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
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