BRAZILIAN RARE EARTHS LIMITED (BRE)
Share Price Analysis and Chart

16/03/2026

1

Speculative Buy

$7.50

70.07%

In a review of the Middle East conflict, Ord Minnett sees rising defence spending creating opportunities for ASX-listed counter-drone and rare earth companies.

It's thought Iran’s extensive drone deployment and the US reliance on costly missile interceptors highlight a structural shift in modern warfare.

The broker expects defence budgets globally could rise from around 2% of GDP toward 4% over the next decade. Demand for counter-drone technology, munitions and rare earth supply chains are expected to strengthen as military strategies evolve.

Ord Minnett retains a Speculative Buy rating and $7.50 target for Brazilian Rare Earths.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -16.50 cents.
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -17.40 cents.

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30/03/2026

1

Speculative Buy

$8.00

81.41%

Canaccord Genuity maintains a Speculative Buy rating and $8.00 price target for Brazilian Rare Earths following the granting of a trial mining licence for the Monte Alto project.

The licence allows for the extraction of 2,000tpa of ultra-high-grade mineralization, which the broker identifies as a major de-risking step for the Camacari pilot plant operations.

Near-term catalysts mentioned include the maiden Mineral Resource Estimate (MRE) and a Scoping Study for integrated oxide production, alongside the potential spin-out of the Amargosa bauxite project.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -12.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -42.00 cents.