Cameco Files 2025 Modern Slavery Report Detailing Supply Chain Risk Controls

An update from Cameco ( (TSE:CCO) ) is now available.

Cameco has issued its 2025 Modern Slavery Report for the financial year ended December 31, 2025, outlining how it addresses the risks of forced and child labour across its operations and Canadian supply chains under Canada’s new Fighting Against Forced Labour and Child Labour in Supply Chains Act. The report covers Cameco Corporation and Cameco Fuel Manufacturing, underscoring a corporate culture grounded in safety, environment, people, integrity, and excellence, and formalizing human rights commitments through internal and supplier codes of conduct.

The company reports that its producing, care-and-maintenance and exploration assets in Canada, the United States and Australia are located in jurisdictions with relatively low modern-slavery risk, and that most of its roughly $1.264 billion of 2025 procurement spend for Canadian operations went to suppliers in Canada and the U.S., further reducing exposure. Cameco sourced inputs from about 2,061 suppliers and 9.6 million pounds of uranium from 11 counterparties, and says it does not knowingly buy directly from the highest‑risk countries identified by Walk Free, while acknowledging limited visibility beyond its direct suppliers, a gap that could draw investor and regulatory scrutiny as supply chain due‑diligence expectations rise.

The most recent analyst rating on (TSE:CCO) stock is a Hold with a C$155.00 price target. To see the full list of analyst forecasts on Cameco stock, see the TSE:CCO Stock Forecast page.

Spark’s Take on CCO Stock

According to Spark, TipRanks’ AI Analyst, CCO is a Neutral.

The score is driven primarily by improved financial performance (strong 2025 profitability and cash flow with low leverage) and a supportive earnings outlook/strategic positioning from the latest call. Offsetting factors are weak near-term technical momentum and a demanding valuation (very high P/E with minimal dividend yield).

To see Spark’s full report on CCO stock, click here.

More about Cameco

Cameco Corporation is a nuclear energy company that has supplied nuclear fuel for more than 35 years to a global customer base seeking safe, secure, carbon-free and affordable baseload power. Listed on the TSX and NYSE and headquartered in Saskatoon, it operates across the nuclear fuel cycle, from uranium mining in Canada and the U.S. to refining, conversion, and CANDU fuel manufacturing in Ontario through Cameco Fuel Manufacturing.

The group also holds stakes in Westinghouse Electric Company and Global Laser Enrichment to extend its reach into fuel fabrication, services, and advanced enrichment technology, and a 40% interest in Kazakhstan-based JV Inkai. As of December 31, 2025, Cameco and its wholly owned subsidiaries employed 3,082 people, with 868 covered by unions or collective bargaining, and it emphasizes local procurement, particularly in Canada and the United States.

Average Trading Volume: 1,087,940

Technical Sentiment Signal: Buy

Current Market Cap: C$67.24B

See more data about CCO stock on TipRanks’ Stock Analysis page.