Ratings by BofA Securities (Caio Ribeiro)

Date CompanySymbol Type Rating
(Past)
PT
(Past)
Start $
(End $)
% Chg. Details
4/17/2026 Petrobras PBR Upgrade Buy
(Neutral)
21.50
(16.45)
-23.49% Details
4/13/2026 Ternium S.A. TX Upgrade Buy
(Neutral)
41.24
(44.96)
9.02% Details
4/7/2026 Suzano S.A. SUZ Downgrade Neutral
(Buy)
9.65
(8.11)
-15.96% Details
4/2/2026 Vale S.A. VALE Upgrade Buy
(Neutral)
16.05
(14.84)
-7.54% Details
2/26/2026 Vale S.A. VALE Downgrade Neutral
(Buy)
17.53
(16.05)
-8.44% Details
2/26/2026 Southern Copper SCCO Downgrade Underperform
(Neutral)
215.20
(171.84)
-20.15% Details
1/22/2026 Vale S.A. VALE Maintain Buy
(N/A)
 
 
  Details
7/28/2025 Southern Copper SCCO Upgrade Neutral
(Underperform)
98.19
(215.20)
119.17% Details
4/10/2025 Vale S.A. VALE Upgrade Buy
(Neutral)
8.86
(17.53)
97.86% Details
4/7/2025 Gerdau S.A. GGB Downgrade Neutral
(Buy)
2.57
(4.09)
59.14% Details
4/7/2025 Ternium S.A. TX Downgrade Underperform
(Neutral)
28.20
(41.24)
46.24% Details
6/27/2024 Petrobras PBR Upgrade Buy
(Neutral)
14.30
(21.50)
50.35% Details
5/30/2024 Ecopetrol SA EC Downgrade Underperform
(Neutral)
12.30
(14.59)
18.62% Details
5/24/2024 Gerdau S.A. GGB Upgrade Buy
(Neutral)
3.53
(4.09)
15.86% Details
4/9/2024 Companhia Siderurgica Nacional S.a SID Downgrade Underperform
(Neutral)
0.08
(0.98)
1125% Details
4/9/2024 Vale S.A. VALE Downgrade Neutral
(Buy)
12.50
(8.86)
-29.12% Details
3/8/2024 Petrobras PBR Downgrade Neutral
(Buy)
16.69
(16.45)
-1.44% Details
11/20/2023 Ternium S.A. TX Upgrade Buy
(Neutral)
36.81
(44.96)
22.14% Details
11/20/2023 Companhia Siderurgica Nacional SID Upgrade Buy
(Underperform)
3.00
(0.98)
-67.33% Details
11/20/2023 Gerdau S.A. GGB Downgrade Neutral
(Buy)
5.02
(4.09)
-18.53% Details
11/20/2023 Vale S.A. VALE Upgrade Buy
(Neutral)
15.14
(12.50)
-17.44% Details
8/23/2023 Ecopetrol SA EC New Coverage Neutral
(N/A)
11.25
(14.59)
29.69% Details
8/23/2023 Petrobras PBR Upgrade Buy
(Neutral)
13.52
(16.45)
21.67% Details
6/12/2023 Ternium S.A. TX Downgrade Neutral
(Buy)
42.35
(44.96)
6.16% Details
8/26/2022 Vale S.A. VALE Maintain Neutral
(N/A)
 
 
  Details
8/26/2022 Ternium S.A. TX Downgrade Neutral
(Buy)
34.08
(44.96)
31.92% Details