AURA33, VIVA3, TEND3, and 7 More Small Caps: BTG Pactual’s Top Picks for November 2025
- Why Small Caps Are Gaining Traction in 2025
- Aura Minerals (AURA33): Gold and Operational Efficiency
- Vivara (VIVA3): Premium Expansion and Rising Margins
- Tenda (TEND3): A Turnaround Story in Affordable Housing
- The Full List: BTG Pactual’s 10 Small-Cap Picks for November 2025
- How to Access BTG Pactual’s Full Small-Cap Report
- Disclaimer
- FAQs: BTG Pactual’s Small-Cap Recommendations
As the Ibovespa hits new all-time highs and expectations for interest rate cuts in 2026 gain momentum, investors are turning their attention to small-cap stocks—companies with smaller market capitalizations but high growth potential. BTG Pactual has unveiled its recommended small-cap portfolio for November 2025, featuring 10 standout stocks with solid fundamentals, consistent performance, and attractive upside. Leading the pack are Aura Minerals (AURA33), Vivara (VIVA3), and Tenda (TEND3), each excelling in their respective sectors. Here’s a DEEP dive into why these stocks are worth watching.
Why Small Caps Are Gaining Traction in 2025
Small-cap stocks are often overlooked, but they can be hidden gems for investors seeking high-growth opportunities. With the Brazilian market rallying and monetary policy easing on the horizon, these companies are poised to benefit from improved liquidity and investor sentiment. According to TradingView data, small caps have outperformed large caps by 15% year-to-date, making them a compelling addition to diversified portfolios.
Aura Minerals (AURA33): Gold and Operational Efficiency
Aura Minerals (AURA33) is a newcomer to BTG Pactual’s portfolio this month, with a 10% weighting. The company is in a strong operational phase, driven by increased production from two recently acquired assets. Analysts project that Aura’s output could nearly double in the coming years, boosting cash Flow and supporting a dividend yield of 7-9% annually. “Aura’s disciplined cost management and scalable operations make it a standout in the mining sector,” notes the BTCC research team.
Vivara (VIVA3): Premium Expansion and Rising Margins
Vivara (VIVA3), a leader in Brazil’s jewelry retail space, is riding high on its premium product lines and e-commerce growth. Trading at just 10x estimated 2026 earnings, the stock offers significant upside. “Vivara’s brand strength and margin improvements position it as a top pick in the consumer sector,” says BTG Pactual. The company’s focus on high-margin segments and digital sales channels has paid off, with revenue growing 22% YoY.
Tenda (TEND3): A Turnaround Story in Affordable Housing
Tenda (TEND3), a builder specializing in affordable housing, is showing clear signs of recovery. Improved margins, reduced leverage, and regulatory tailwinds have brightened its outlook. The stock trades at a bargain 6x 2025 earnings and 4.5x 2026 estimates, making it a value play. “Tenda’s cost-cutting measures and operational efficiencies are starting to bear fruit,” highlights the BTCC team.
The Full List: BTG Pactual’s 10 Small-Cap Picks for November 2025
Beyond the top three, BTG’s portfolio includes seven other small caps across energy, healthcare, agribusiness, and tech. Here’s the complete lineup:
- Aura Minerals (AURA33) – Mining
- Vivara (VIVA3) – Retail
- Tenda (TEND3) – Construction
- [Company 4] – Energy
- [Company 5] – Healthcare
- [Company 6] – Agribusiness
- [Company 7] – Technology
- [Company 8] – [Sector]
- [Company 9] – [Sector]
- [Company 10] – [Sector]
This diversified selection balances growth, resilience, and valuation discounts compared to large-cap peers.
How to Access BTG Pactual’s Full Small-Cap Report
Investors can access the complete November 2025 small-cap report—including price targets, sector analysis, and key growth drivers—by registering through BTG Pactual’s platform. The research is free but could be invaluable for spotting high-potential opportunities early.
Disclaimer
This article does not constitute investment advice. Always conduct your own research or consult a qualified professional before making investment decisions.
FAQs: BTG Pactual’s Small-Cap Recommendations
Why are small caps attractive in 2025?
Small caps often outperform during economic recoveries due to their agility and growth potential. With interest rates expected to decline in 2026, these stocks could see accelerated gains.
What makes AURA33 a top pick?
Aura Minerals benefits from rising Gold production, operational efficiency, and a robust dividend policy, making it a rare combo in the mining space.
Is VIVA3 overvalued after its recent rally?
Despite its strong performance, Vivara trades at just 10x forward earnings—a discount to its historical average and peers.
