Brazilian Rare Earths' December quarter (4Q2025) highlights included Carester REO offtake partnership, completion of the Amargosa bauxite scoping study, and a $120m capital raise. Cash lifted to $162m.
The broker sees the company's plan to spin out the Amargosa bauxite project by mid-2026 as value accretive, given the limited bauxite value currently reflected in the share price.
Target rises to $7.50 from $7.00 on a lift in REO price assumptions for the March quarter. Speculative Buy maintained.
Sector: Materials.
Target price is $7.50.Current Price is $3.79. Difference: $3.71 - (brackets indicate current price is over target). If BRE meets the Ord Minnett target it will return approximately 49% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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