Brazilian Rare Earths Ltd. (AU:BRE)
ASX:BRE
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Brazilian Rare Earths Ltd.
(Sydney:BRE)
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Rating:51Neutral
Price Target:
AU$5.00
▲(12.87% Upside)
Action:ReiteratedDate:04/22/26
The score is held back primarily by weak financial performance (pre-revenue, sizable losses, and persistent negative operating/free cash flow), partially offset by a strong capital position and low leverage. Technicals are constructive with the stock trading above major moving averages and moderate positive momentum, but valuation remains challenging due to negative earnings and no stated dividend.
Positive Factors
Strong Balance Sheet
A materially larger equity base and very low leverage provide durable financing runway for capital-intensive exploration and permitting. This reduces immediate refinancing risk, allows continued project work without heavy debt, and preserves strategic optionality over the next 2-6 months.
Negative Factors
Pre-revenue Profile
Being pre-revenue means the business model's value realization depends entirely on successful resource definition, permitting and commercialization. This structural uncertainty makes near-term profitability unlikely and heightens reliance on external capital and execution milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Balance Sheet
A materially larger equity base and very low leverage provide durable financing runway for capital-intensive exploration and permitting. This reduces immediate refinancing risk, allows continued project work without heavy debt, and preserves strategic optionality over the next 2-6 months.
Read all positive factors
Brazilian Rare Earths Ltd. (BRE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.44B
Dividend YieldN/A
Average Volume (3M)524.04K
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue GrowthN/A
EPS Growth-52.62%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.00
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$7.13Price Target Upside60.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
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
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$1.90B | 2.83 | 10.58% | ― | 53.27% | 762.77% | |
56 Neutral | AU$437.37M | -19.57 | -4.78% | ― | ― | 19.27% | |
54 Neutral | AU$1.70B | -9.42 | -14.75% | ― | ― | 20.35% | |
54 Neutral | AU$190.82M | -12.77 | -27.06% | ― | ― | 30.63% | |
51 Neutral | AU$1.44B | -23.83 | -46.34% | ― | ― | -52.62% |
* Basic Materials Sector Average
AU:BRE
Brazilian Rare Earths Ltd.
4.98
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Southern Palladium Ltd.
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1.28
579.55%
Brazilian Rare Earths Ltd. Corporate Events
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...
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...
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.