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

19/02/2026

1

Speculative Buy

$7.50

34.41%

Ord Minnett retains a Speculative Buy rating and $7.50 target price on Brazilian Rare Earths following further strong drilling results at Monte Alto.

The broker highlights thick mineralisation of up to 28m at around 17% total rare earth oxides (TREO) from in-fill drilling, with mineralisation open in multiple directions.

Step-out drilling has also identified new high-grade corridors and additional northern targets, which the analysts believe add future scale potential.

The broker anticipates a catalyst-rich six months ahead, including a maiden resource estimate and scoping study around mid-2026.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -15.80 cents.
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -16.50 cents.

02/03/2026

1

Speculative Buy

$8.00

43.37%

Canaccord Genuity notes strong drilling at Monte Alto, including intercepts up to 27.6m at 19.4% TREO and 23.9m at 17.4% TREO with peak grades of 35% TREO, supports growing resource expectations for Brazilian Rare Earths.

Commentary highlights infill and extensional drilling confirm continuity and extend strike to over 1.2km, with over 32,000m drilled at average grades above 14% TREO, while mineralisation remains open in multiple directions.

The broker expects market expectations for the maiden MRE in mid 2026 to lift, noting its prior 7Mt estimate and highlighting upside to mine life, uranium co-products and downstream support via the Carester partnership, with a Scoping Study also due mid 2026. 

 Speculative Buy rating and $8 target retained.