Royal Gold, Inc. shares fall 4.37% intraday after acquisition announcements and gold price drop.

Royal Gold, Inc. fell 4.37% intraday, following the announcement of a $3.5 billion all-stock acquisition of Sandstorm Gold and a $196 million cash acquisition of Horizon Copper, raising concerns about share dilution. Additionally, a law firm announced an investigation into the fairness and disclosure of the merger, and a drop in gold prices due to a stronger dollar and extended tariffs also contributed to the decline.