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BUZZ-Antofagasta: Credit Suisse price cut dents stock

Reuters - UK Focus

** Antofagasta (Other OTC: ANFGY - news) falls 2 pct, top loser on FTSE-100 index on TP cut by Credit Suisse (Other OTC: CDSSF - news)

** Stock also top percentage loser on FTSE-350 Mining Index

** Chilean-based Antofagasta has lost about a quarter of its market cap since the beginning of the year

** Credit Suisse reduces TP to 640 p from 710 p citing co's acquisition of Zaldivar copper mine

** The brokerage forecasts co's H1 EBITDA down 45 pct to $620 mln (YoY)

** Co's H1 results slated for Aug. 25

** Tumbling commodity prices have severely battered profits of mining cos causing share price to fall sharply (aashika.jain@thomsonreuters.com)