After plunging 25%, is this ASX gold stock now cheap?

Newmont Corporation (ASX: NEM) has sold off sharply since closing at 52-week highs of $87.35 in November.

The stock is down 25% from that mark and currently fetches $65.20 apiece at the time of writing.

The question now is whether this makes Newmont a cheap ASX stock or whether the market has…