BTG
Coverage of BTG in the Nexus archive.
- Homebuilder Cyrela’s Sales Rise 14% While Its Stock Sits Near a One-Year Low
Cyrela's sales increased 14% to R$2.56 billion in Q2 2026, with launches rising 34%. Despite this, its stock (CYRE3) remains near a one-year low, trading at 4.8x earnings. BTG analysts suggest a 78% upside potential.
- Smart Fit Joins Brazil’s Benchmark Ibovespa Stock Index
Smart Fit, a low-cost gym chain, was included in Brazil’s Ibovespa stock index for the first time since its 2021 IPO, effective May 5, 2025. The inclusion is expected to boost the stock’s liquidity by attracting automatic investments from funds and ETFs. The article also references BTG’s buy thesis on the company.
- Brazil Markets: Ibovespa & the Real — July 4, 2026
Ibovespa closed at a one-month high of 174,070 on 3 July 2026, driven by gains in CSN and steelmakers, while VALE3 and BTG led turnover. The USD/BRL exchange rate weakened to 5.1682.