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

27/10/2026

1

Speculative Buy

$6.80

234.98%

Brazilian Rare Earths has upgraded the Monte Alto resource, with indicated tonnes increasing 41% to 3.5Mt and contained rare earth oxides rising 14% to 434kt, potentially extending the mine life by three years, Ord Minnett notes.

The resource remains open in all directions, with ongoing drilling supporting further growth. The broker highlights the project's high-grade mineralisation and $121m cash position to fund development studies.

Production remains targeted for 2031, although potential direct-shipping ore sales could bring forward cash flow to 2029-30.

Free cashflow yields of 15%-30% are forecast following production commencement.

Speculative Buy retained with a higher target of $6.80 from $6.50.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -21.40 cents.
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -14.70 cents.

27/10/2026

1

Speculative Buy

$7.35

262.07%

Canaccord Genuity maintains a Speculative Buy rating for Brazilian Rare Earths with a $7.35 target price following an upgraded Mineral Resource Estimate for the Monte Alto deposit.

The updated estimate increases indicated resources by 41% to 3.5Mt at 10.7% total rare earth oxides while lifting total high-grade inventory by 29% to 4.4Mt at 10%.

Canaccord Genuity highlights strong regional heavy rare earth endowments containing significant dysprosium, terbium, and neodymium-praseodymium oxides alongside a robust June 2026 cash balance exceeding $130m.

The shares have retraced -70% from their May 2026 high and the analyst spots an attractive entry point supported by multi-year operational runways.